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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)

Showing technical analysis as on 2023-03-08 View latest technical analysis

10 day averaged volume of Welspun I is 43180

Date	Daily Closing Price	Open	High	Low	Volume
08 Wed Mar 2023	69.83	69.25	70.25	68.40	1.348 times
06 Mon Mar 2023	69.24	67.56	69.64	67.56	1.484 times
03 Fri Mar 2023	67.87	67.54	68.44	67.35	1.449 times
02 Thu Mar 2023	67.54	68.05	69.00	67.25	0.968 times
01 Wed Mar 2023	68.51	67.84	68.77	66.60	1.33 times
28 Tue Feb 2023	66.45	67.05	67.80	65.95	0.655 times
27 Mon Feb 2023	66.90	68.85	68.85	66.65	1.281 times
24 Fri Feb 2023	68.50	68.25	69.05	68.25	0.248 times
23 Thu Feb 2023	68.45	69.45	69.45	67.45	1.396 times
22 Wed Feb 2023	68.40	69.50	71.00	68.10	0.706 times

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 70.3 as stoploss in an intra day sell trade for a target of 68.9. However, stock will show a bullish move above 70.3.

Share price targets for Welspun I (WelspunI)

Target Type	Value
Downside Target	63.60
Downside Target	65.25
Upside Target	70.25
Upside Target	71.45
Upside Target	71.90
Upside Target	73.00
Upside Target	74.60
Upside Target	77.65
Upside Target	83.45
Upside Target	84.00

Intraday share price targets for Welspun I (WelspunI)

Target Type	Value
Downside Intraday Target	68.18
Downside Intraday Target	66.52
Upside Intraday Target	70.87
Upside Intraday Target	71.9
Downside Intraday Target	69.21

Weekly technical analysis of Welspun I (WelspunI)

Date	Weekly Closing Price	Open	High	Low	Volume
08 Wed Mar 2023	69.83	67.56	70.25	67.56	0.498 times
03 Fri Mar 2023	67.87	68.85	69.00	65.95	1.745 times
24 Fri Feb 2023	68.50	71.00	71.90	67.45	0.451 times
17 Fri Feb 2023	71.10	68.05	73.00	67.90	0.654 times
10 Fri Feb 2023	68.10	69.90	71.45	66.95	0.363 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
08 Wed Mar 2023	69.83	67.84	70.25	66.60	0.135 times
28 Tue Feb 2023	66.45	67.35	73.00	63.60	1.496 times
31 Tue Jan 2023	67.30	77.20	77.65	65.25	0.42 times
30 Fri Dec 2022	77.10	82.70	83.45	67.35	1.235 times

Scroll below to view daily charts

Price has moved up 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 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 neutral. A longer time frame might give a better analysis.

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 BUY signal for Welspun I in short term but the buy signal is initial and weak.

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. Bulls 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 moving up

CCI has generated a buy signal for Welspun I in short term and BUY signal is strong.

RSI is generating a SELL signal in short term and selling is picking up 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 68.27 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 rising upwards.

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.