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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 105145

Date	Daily Closing Price	Open	High	Low	Volume
03 Tue Oct 2023	119.15	122.65	122.65	116.85	0.713 times
29 Fri Sep 2023	121.40	123.50	123.50	120.90	0.513 times
28 Thu Sep 2023	121.05	123.40	124.05	120.50	0.293 times
27 Wed Sep 2023	123.40	125.00	125.00	122.20	0.877 times
26 Tue Sep 2023	124.05	123.35	126.10	122.70	0.824 times
25 Mon Sep 2023	122.10	121.00	123.40	120.10	0.773 times
22 Fri Sep 2023	120.85	122.35	122.45	118.90	0.923 times
21 Thu Sep 2023	121.65	122.55	125.10	121.05	0.996 times
20 Wed Sep 2023	123.60	120.60	125.90	120.60	2.866 times
18 Mon Sep 2023	122.15	123.45	124.45	121.95	0.396 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 120.4, but if it comes above 120.4, then a intra day buy could be more profitable.
If you take a sell trade below 120.4, then use 120.4 as stoploss and 117.9 as target. However if you take a buy trade in stock , then use 120.4 as stoploss and 122.58 as target.

Share price targets for Welspun I (WelspunI)

Target Type	Value
Downside Target	90.90
Downside Target	104.50
Downside Target	108.50
Downside Target	112.45
Downside Target	114.95
Upside Target	122.65
Upside Target	122.70
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	116.45
Downside Intraday Target	113.75
Upside Intraday Target	122.25
Upside Intraday Target	125.35
Upside Intraday Target	119.55

Weekly technical analysis of Welspun I (WelspunI)

Date	Weekly Closing Price	Open	High	Low	Volume
03 Tue Oct 2023	119.15	122.65	122.65	116.85	0.217 times
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

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
03 Tue Oct 2023	119.15	122.65	122.65	116.85	0.021 times
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

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 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 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 neutral. A longer time frame might give a better analysis.

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 Strong and stock is gaining momentum.

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

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 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 122.39 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.