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(WelspunI) Welspun I complete technical analysis [charts+indicators] | Buy/Sell Welspun I | (WelspunI) share price targets

Complete technical analysis of Welspun I (WelspunI) by charts plus indicators, forecast predictions and share price targets for Welspun I (WelspunI)

10 day averaged volume of Welspun I is 135178

Date Daily Closing Price Open High Low Volume
23 Tue Apr 2024 161.15 150.00 162.00 150.00 2.071 times
22 Mon Apr 2024 148.80 147.70 150.65 147.45 0.614 times
19 Fri Apr 2024 146.25 144.20 146.80 143.05 0.537 times
18 Thu Apr 2024 147.15 148.65 149.70 145.70 1.127 times
16 Tue Apr 2024 146.50 145.80 149.55 145.80 0.274 times

Stock of Welspun I (WelspunI) has showed a significant upmove. This could be a good time to enter in this stock!

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 163.5, for a target of 155.6 or 149.12

Share price targets for Welspun I (WelspunI)

Target Type Value
Downside Target 132.95
Downside Target 136.30
Downside Target 139.25
Downside Target 144.40
Downside Target 150.80
Downside Target 158.50
Downside Target 159.40
Downside Target 160.00
Upside Target 162.00
Upside Target 165.55
Upside Target 168.05
Upside Target 171.70

Intraday share price targets for Welspun I (WelspunI)

Target Type Value
Downside Intraday Target 151.73
Downside Intraday Target 142.32
Upside Intraday Target 166.28
Upside Intraday Target 171.42
Downside Intraday Target 156.87

Weekly technical analysis of Welspun I (WelspunI)

Date Weekly Closing Price Open High Low Volume
23 Tue Apr 2024 161.15 147.70 162.00 147.45 0.68 times
19 Fri Apr 2024 146.25 141.05 151.00 141.05 1.171 times
12 Fri Apr 2024 151.70 156.00 160.00 150.80 0.415 times
05 Fri Apr 2024 154.80 139.25 159.40 139.25 2.635 times
28 Thu Mar 2024 137.65 140.50 144.40 136.30 0.673 times

Price has moved up this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.

Monthly technical analysis of Welspun I (WelspunI)

Date Monthly Closing Price Open High Low Volume
23 Tue Apr 2024 161.15 139.25 162.00 139.25 0.949 times
28 Thu Mar 2024 137.65 155.20 158.50 132.95 0.492 times
29 Thu Feb 2024 154.70 166.50 168.05 144.95 0.998 times
31 Wed Jan 2024 163.30 146.35 171.70 133.20 1.149 times

Price has moved up this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.

Indicators analysis of Welspun I (WelspunI)

Indicator Name Indicator Value Indicator Signal
ADX 35, 19, 28 Buy
MACD 1, 0Buy
Stochastics 55None
CCI 117Buy
RSI 61Buy
OBV 281800Sell
VWAP 152Buy
ADL 0Sell
ROC 4Buy
Force Index 0Sell

Price action analysis of Welspun I ( (WelspunI) ) based on a short term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

Price action analysis of Welspun I ( (WelspunI) ) based on a short term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

Price action analysis of Welspun I ( (WelspunI) ) based on a short to mid term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Welspun I ( (WelspunI) ) based on a mid to longer term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

ADX buy sell signal for Welspun I stock for short term is BUY. Signal strength is Strong and stock is gaining momentum.

MACD generated a BUY signal for Welspun I in short term and the buy signal is strong.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Welspun I Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bulls are getting stronger in this stock.

Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be moving up

CCI has generated a buy signal for Welspun I in short term and BUY signal is strong.

RSI is generating a BUY signal in short term and the buying is gaining momentum.

MRSI is in positive zone. This is a BUY zone

Stock of Welspun I is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 152.37 and Welspun I (WelspunI) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.

People seem to be coming out and selling the Welspun I (WelspunI) stock. Volume based technical analysis of Welspun I (WelspunI) stock is negative.

Welspun I Stock is giving positive returns over a short term period. Returns for a longer term period have been positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.

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