Usha Martin shares rose 12.13% to ₹411.70 on October 11, reflecting a strong bullish sentiment in the market. The stock surged by ₹44.55 from its previous close of ₹367.15. On the daily time frame, Usha Martin has formed a long bullish candle, suggesting a significant breakout from its recent range.
The stock has closed near its one-month high, indicating a dominance by buyers in the market. Additionally, the trading volumes are decent, supporting the price action and reflecting increased buying interest at current levels. The Relative Strength Index (RSI) also sits in the higher range, signaling continued momentum.
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