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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 2024-03-20 View latest technical analysis

10 day averaged volume of Welspun I is 146192

Date	Daily Closing Price	Open	High	Low	Volume
20 Wed Mar 2024	141.10	148.50	149.85	140.15	1.619 times
19 Tue Mar 2024	143.85	148.30	148.30	143.00	0.572 times
18 Mon Mar 2024	147.35	149.00	150.90	146.35	0.55 times
15 Fri Mar 2024	149.00	146.45	151.95	144.55	0.654 times
14 Thu Mar 2024	147.15	134.00	148.35	132.95	1.156 times
13 Wed Mar 2024	136.35	148.25	149.50	133.45	1.319 times
12 Tue Mar 2024	147.55	153.80	155.00	146.80	1.819 times
11 Mon Mar 2024	153.70	148.35	157.50	143.50	2.508 times
07 Thu Mar 2024	147.25	147.00	148.80	146.50	0.537 times
06 Wed Mar 2024	146.25	151.55	152.45	144.90	0.703 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 144.6, but if it comes above 144.6, then a intra day buy could be more profitable.
If you take a sell trade below 144.6, then use 144.6 as stoploss and 137.2 as target. However if you take a buy trade in stock , then use 144.6 as stoploss and 150.86 as target.

Share price targets for Welspun I (WelspunI)

Target Type	Value
Downside Target	132.95
Downside Target	140.15
Upside Target	144.90
Upside Target	150.80
Upside Target	157.45
Upside Target	158.50
Upside Target	164.30
Upside Target	165.55
Upside Target	168.05
Upside Target	170.25
Upside Target	171.70

Intraday share price targets for Welspun I (WelspunI)

Target Type	Value
Downside Intraday Target	137.2
Downside Intraday Target	133.3
Upside Intraday Target	147.95
Upside Intraday Target	154.8
Upside Intraday Target	144.05

Weekly technical analysis of Welspun I (WelspunI)

Date	Weekly Closing Price	Open	High	Low	Volume
20 Wed Mar 2024	141.10	149.00	150.90	140.15	0.368 times
15 Fri Mar 2024	149.00	148.35	157.50	132.95	2.804 times
07 Thu Mar 2024	147.25	155.60	157.45	144.90	0.287 times
02 Sat Mar 2024	156.60	161.85	164.30	147.50	0.812 times
23 Fri Feb 2024	161.30	153.65	168.05	150.80	3.192 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
20 Wed Mar 2024	141.10	155.20	158.50	132.95	0.371 times
29 Thu Feb 2024	154.70	166.50	168.05	144.95	0.998 times
31 Wed Jan 2024	163.30	146.35	171.70	133.20	1.149 times
29 Fri Dec 2023	145.30	158.25	165.55	140.15	0.442 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 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 SELL signal for Welspun I in short term and the sell signal is strong.

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

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 146.45 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.