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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 146885

Date	Daily Closing Price	Open	High	Low	Volume
29 Mon May 2023	90.58	92.00	92.00	89.56	1.703 times
26 Fri May 2023	92.73	94.87	95.50	92.51	0.96 times
25 Thu May 2023	95.97	91.49	96.99	91.14	1.368 times
24 Wed May 2023	91.76	91.01	92.49	91.01	0.679 times
23 Tue May 2023	92.75	94.05	94.12	90.42	1.193 times
22 Mon May 2023	94.18	92.12	96.04	92.12	1.096 times
19 Fri May 2023	92.12	91.40	93.25	91.40	0.51 times
18 Thu May 2023	92.38	91.71	93.39	91.71	0.644 times
17 Wed May 2023	92.92	92.01	94.36	91.55	0.396 times
16 Tue May 2023	92.27	93.31	94.48	92.07	0.243 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 91.1, but if it comes above 91.1, then a intra day buy could be more profitable.
If you take a sell trade below 91.1, then use 91.1 as stoploss and 87.6 as target. However if you take a buy trade in stock , then use 91.1 as stoploss and 94.11 as target.

Share price targets for Welspun I (WelspunI)

Target Type	Value
Downside Target	62.20
Downside Target	63.60
Downside Target	70.37
Downside Target	73.00
Downside Target	77.65
Downside Target	88.46
Upside Target	91.40
Upside Target	92.00
Upside Target	95.47
Upside Target	96.79
Upside Target	96.99
Upside Target	104.90

Intraday share price targets for Welspun I (WelspunI)

Target Type	Value
Downside Intraday Target	89.43
Downside Intraday Target	88.27
Upside Intraday Target	91.87
Upside Intraday Target	93.15
Upside Intraday Target	90.71

Weekly technical analysis of Welspun I (WelspunI)

Date	Weekly Closing Price	Open	High	Low	Volume
29 Mon May 2023	90.58	92.00	92.00	89.56	0.321 times
26 Fri May 2023	92.73	92.12	96.99	90.42	1.126 times
19 Fri May 2023	92.12	95.47	95.47	91.40	0.305 times
12 Fri May 2023	93.72	94.59	96.79	88.93	0.464 times
05 Fri May 2023	94.15	88.48	104.90	88.46	3.003 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
29 Mon May 2023	90.58	88.48	104.90	88.46	2.552 times
28 Fri Apr 2023	87.64	64.00	89.95	64.00	2.06 times
31 Fri Mar 2023	63.71	67.84	70.37	62.20	0.805 times
28 Tue Feb 2023	66.45	67.35	73.00	63.60	1.496 times

Scroll below to view daily charts

Price has moved up this month, and volume has increased substantially. This means that the move can continue in coming months.

Indicators analysis of Welspun I (WelspunI)

Price action analysis of Welspun I ( (WelspunI) ) based on a short term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

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 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.

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

MACD generated a SELL signal for Welspun I in short term but the sell signal is initial and weak.

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 getting stronger in this stock.

Ichimoku cloud is of green color and prices are in or below the green 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 but buying is losing 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 92.86 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.