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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 148629

Date Daily Closing Price Open High Low Volume
17 Fri May 2024 144.20 146.40 146.40 144.00 0.87 times
16 Thu May 2024 146.35 142.85 148.80 141.85 1.72 times
15 Wed May 2024 141.65 140.45 143.45 140.45 0.582 times
14 Tue May 2024 139.30 140.40 141.50 139.00 0.542 times
13 Mon May 2024 139.30 140.90 140.90 136.80 0.418 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 141 as stoploss in an intra day buy trade for a target of 147.46. However, stock will show a bearish move below 141.

Share price targets for Welspun I (WelspunI)

Target Type Value
Downside Target 132.95
Downside Target 136.70
Upside Target 144.95
Upside Target 153.00
Upside Target 155.85
Upside Target 158.50
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 137.73
Downside Intraday Target 131.27
Upside Intraday Target 149.73
Upside Intraday Target 155.27
Downside Intraday Target 143.27

Weekly technical analysis of Welspun I (WelspunI)

Date Weekly Closing Price Open High Low Volume
17 Fri May 2024 144.20 140.90 148.80 136.80 0.704 times
10 Fri May 2024 140.00 147.75 153.00 136.70 1.336 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

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
17 Fri May 2024 144.20 150.05 153.00 136.70 0.435 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 22, 18, 9 Buy
MACD -4, -3Sell
Stochastics 45None
CCI 48Sell
RSI 57Buy
OBV -911303Sell
VWAP 144Buy
ADL 0Sell
ROC -3Sell
Force Index 0Sell

Price action analysis of Welspun I ( (WelspunI) ) based on a short 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 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 to mid 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 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 BUY. Signal strength is Weak and stock is gaining momentum.

MACD generated a SELL signal for Welspun I in short term and the sell 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. Bears are weakening, and bulls are picking up momentum!

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 but SELL signal is weak.

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

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling 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 143.98 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 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 negative.

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

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