(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 233919
| Date | Daily Closing Price | Open | High | Low | Volume |
| 08 Wed May 2024 | 141.55 | 143.15 | 144.70 | 141.05 | 0.584 times |
| 07 Tue May 2024 | 142.65 | 149.75 | 149.75 | 141.90 | 1.061 times |
| 06 Mon May 2024 | 150.50 | 147.75 | 153.00 | 146.30 | 1.197 times |
| 03 Fri May 2024 | 148.90 | 151.65 | 151.65 | 147.20 | 0.253 times |
| 02 Thu May 2024 | 150.00 | 150.05 | 151.45 | 147.20 | 0.664 times |
Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 140.3, for a target of 146 or 150.71
Share price targets for Welspun I (WelspunI)
| Target Type | Value |
| Downside Target | 132.95 |
| Downside Target | 139.25 |
| Upside Target | 144.95 |
| Upside Target | 150.80 |
| Upside Target | 153.00 |
| Upside Target | 155.85 |
| Upside Target | 158.50 |
| Upside Target | 160.00 |
| Upside Target | 163.50 |
| Upside Target | 168.05 |
| Upside Target | 171.70 |
Intraday share price targets for Welspun I (WelspunI)
| Target Type | Value |
| Downside Intraday Target | 137.4 |
| Downside Intraday Target | 133.25 |
| Upside Intraday Target | 149.35 |
| Upside Intraday Target | 157.15 |
| Upside Intraday Target | 145.2 |
Weekly technical analysis of Welspun I (WelspunI)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 08 Wed May 2024 | 141.55 | 147.75 | 153.00 | 141.05 | 1.019 times |
| 03 Fri May 2024 | 148.90 | 155.85 | 155.85 | 147.20 | 0.471 times |
| 26 Fri Apr 2024 | 153.05 | 147.70 | 163.50 | 147.45 | 2.596 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 |
Price has moved down 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 |
| 08 Wed May 2024 | 141.55 | 150.05 | 153.00 | 141.05 | 0.225 times |
| 30 Tue Apr 2024 | 149.90 | 139.25 | 163.50 | 139.25 | 1.514 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 |
Price has moved down 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 | 16, 24, 20 | Sell |
| MACD | -2, 0 | Sell |
| Stochastics | 10 | Sell |
| CCI | -144 | Sell |
| RSI | 56 | Buy |
| OBV | -1707023 | Sell |
| VWAP | 152 | Sell |
| ADL | 0 | Sell |
| ROC | -12 | Sell |
| Force Index | 0 | Sell |
Price action analysis of Welspun I ( (WelspunI) ) based on a short term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.
Price action analysis of Welspun I ( (WelspunI) ) based on a short term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.
Price action analysis of Welspun I ( (WelspunI) ) based on a short to mid term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small
Price action analysis of Welspun I ( (WelspunI) ) based on a mid to longer term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.
ADX buy sell signal for Welspun I stock for short term is SELL. Signal strength is Strong and stock is gaining momentum.
MACD generated a SELL signal for Welspun I in short term and the sell signal is strong.
Welspun I Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears 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 coming down
CCI has generated a SELL signal for Welspun I in short term and SELL 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
Although the stock is in the BUY zone, but buying might be slowing down
Stock of Welspun I is picking up selling momentum according to indicator.
Volume based indicators are showing selling momentum.
Volume Weighted Averaged Price (VWAP) for short term is 151.87 and Welspun I (WelspunI) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down
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 has given negative 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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