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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 2023-03-21 View latest technical analysis

10 day averaged volume of Welspun I is 84158

Date	Daily Closing Price	Open	High	Low	Volume
21 Tue Mar 2023	67.32	64.21	68.75	63.35	1.707 times
20 Mon Mar 2023	63.82	66.50	66.50	63.50	1.348 times
17 Fri Mar 2023	65.43	65.20	65.79	64.66	0.63 times
16 Thu Mar 2023	64.77	66.55	66.93	64.51	0.343 times
15 Wed Mar 2023	66.84	67.01	68.12	66.60	0.495 times
14 Tue Mar 2023	66.62	67.67	68.00	66.00	3.442 times
13 Mon Mar 2023	67.66	67.75	70.00	67.42	1.165 times
10 Fri Mar 2023	69.26	68.09	70.00	68.09	0.598 times
09 Thu Mar 2023	68.28	69.52	70.37	68.10	0.526 times
08 Wed Mar 2023	69.83	69.25	70.25	68.40	0.692 times

My analysis of stock is bearish for shortterm, and stock might move down till 66 or till 64. Use a stoploss of 67.61 and if the stock hits stoploss, then it can shoot up till 69.24

Share price targets for Welspun I (WelspunI)

Target Type	Value
Downside Target	63.35
Upside Target	67.35
Upside Target	70.00
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	64.2
Downside Intraday Target	61.07
Upside Intraday Target	69.6
Upside Intraday Target	71.87
Downside Intraday Target	66.47

Weekly technical analysis of Welspun I (WelspunI)

Date	Weekly Closing Price	Open	High	Low	Volume
21 Tue Mar 2023	67.32	66.50	68.75	63.35	0.503 times
17 Fri Mar 2023	65.43	67.75	70.00	64.51	2.357 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

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
21 Tue Mar 2023	67.32	67.84	70.37	63.35	0.547 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 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 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 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 Weak and stock is losing momentum.

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

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Welspun I Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!

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 but BUY signal is weak.

RSI is generating a SELL signal in short term but selling is losing momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying 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 66.81 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 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.