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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 114226

Date	Daily Closing Price	Open	High	Low	Volume
29 Fri Sep 2023	121.40	123.50	123.50	120.90	0.472 times
28 Thu Sep 2023	121.05	123.40	124.05	120.50	0.269 times
27 Wed Sep 2023	123.40	125.00	125.00	122.20	0.807 times
26 Tue Sep 2023	124.05	123.35	126.10	122.70	0.758 times
25 Mon Sep 2023	122.10	121.00	123.40	120.10	0.711 times
22 Fri Sep 2023	120.85	122.35	122.45	118.90	0.85 times
21 Thu Sep 2023	121.65	122.55	125.10	121.05	0.916 times
20 Wed Sep 2023	123.60	120.60	125.90	120.60	2.638 times
18 Mon Sep 2023	122.15	123.45	124.45	121.95	0.364 times
15 Fri Sep 2023	123.40	122.30	124.50	121.85	1.419 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 120.8 as stoploss in an intra day buy trade for a target of 122.8. However, stock will show a bearish move below 120.8.

Share price targets for Welspun I (WelspunI)

Target Type	Value
Downside Target	87.52
Downside Target	90.90
Downside Target	104.50
Downside Target	108.50
Downside Target	112.45
Downside Target	114.95
Downside Target	118.90
Upside Target	125.90
Upside Target	126.10
Upside Target	127.00
Upside Target	128.00
Upside Target	129.40

Intraday share price targets for Welspun I (WelspunI)

Target Type	Value
Downside Intraday Target	118.97
Downside Intraday Target	116.53
Upside Intraday Target	124.97
Upside Intraday Target	128.53
Upside Intraday Target	122.53

Weekly technical analysis of Welspun I (WelspunI)

Date	Weekly Closing Price	Open	High	Low	Volume
29 Fri Sep 2023	121.40	121.00	126.10	120.10	0.633 times
22 Fri Sep 2023	120.85	123.45	125.90	118.90	0.347 times
15 Fri Sep 2023	123.40	123.30	127.00	112.45	1.461 times
08 Fri Sep 2023	123.25	123.15	129.40	122.70	1.241 times
01 Fri Sep 2023	123.60	121.55	128.00	120.75	0.445 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
29 Fri Sep 2023	121.40	125.00	129.40	112.45	0.427 times
31 Thu Aug 2023	124.80	111.00	128.00	108.50	1.197 times
31 Mon Jul 2023	109.71	92.34	114.95	92.34	1.338 times
30 Fri Jun 2023	92.57	92.22	104.50	90.90	0.567 times

Scroll below to view daily charts

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)

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 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 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 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 SELL. 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 moving up

CCI has generated a buy signal for Welspun I in short term but BUY signal is weak.

RSI is generating a BUY signal in short term but buying is losing 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 122.78 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.