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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 2023-03-14 View latest technical analysis

10 day averaged volume of Welspun I is 56035

Date	Daily Closing Price	Open	High	Low	Volume
14 Tue Mar 2023	66.62	67.67	68.00	66.00	5.169 times
13 Mon Mar 2023	67.66	67.75	70.00	67.42	1.749 times
10 Fri Mar 2023	69.26	68.09	70.00	68.09	0.898 times
09 Thu Mar 2023	68.28	69.52	70.37	68.10	0.79 times
08 Wed Mar 2023	69.83	69.25	70.25	68.40	1.039 times
06 Mon Mar 2023	69.24	67.56	69.64	67.56	1.144 times
03 Fri Mar 2023	67.87	67.54	68.44	67.35	1.117 times
02 Thu Mar 2023	67.54	68.05	69.00	67.25	0.746 times
01 Wed Mar 2023	68.51	67.84	68.77	66.60	1.025 times
28 Tue Feb 2023	66.45	67.05	67.80	65.95	0.505 times

Stock of Welspun I (WelspunI) has showed a significant fall. This could be a good time to exit from this stock.

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 67.4, but if it comes above 67.4, then a intra day buy could be more profitable.
If you take a sell trade below 67.4, then use 67.4 as stoploss and 65.8 as target. However if you take a buy trade in stock , then use 67.4 as stoploss and 68.8 as target.

Share price targets for Welspun I (WelspunI)

Target Type	Value
Downside Target	63.60
Downside Target	65.25
Upside Target	67.35
Upside Target	70.37
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	65.08
Downside Intraday Target	63.54
Upside Intraday Target	69.08
Upside Intraday Target	71.54
Upside Intraday Target	67.54

Weekly technical analysis of Welspun I (WelspunI)

Date	Weekly Closing Price	Open	High	Low	Volume
14 Tue Mar 2023	66.62	67.75	70.00	66.00	1.787 times
10 Fri Mar 2023	69.26	67.56	70.37	67.56	0.884 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

Price has moved down this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Welspun I (WelspunI)

Date	Monthly Closing Price	Open	High	Low	Volume
14 Tue Mar 2023	66.62	67.84	70.37	66.00	0.365 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 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 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 SELL. Signal strength is Strong and stock is gaining momentum.

MACD generated a BUY signal for Welspun I in short term but the buy 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 red color and prices are below the red 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 SELL signal in short term but selling 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 67.73 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 negative.

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