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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 2024-09-17 View latest technical analysis

10 day averaged volume of Welspun I is 208487

Date	Daily Closing Price	Open	High	Low	Volume
17 Tue Sep 2024	177.95	179.00	179.30	174.50	2.373 times
16 Mon Sep 2024	178.75	185.85	186.15	178.00	0.803 times
13 Fri Sep 2024	184.00	181.00	185.35	176.80	0.666 times
12 Thu Sep 2024	180.65	180.05	182.50	178.85	0.876 times
11 Wed Sep 2024	178.65	187.35	188.35	175.00	2.264 times
10 Tue Sep 2024	186.80	184.05	187.05	184.00	0.23 times
09 Mon Sep 2024	183.60	184.15	185.45	180.55	0.911 times
06 Fri Sep 2024	184.15	189.95	190.40	182.75	1.307 times
05 Thu Sep 2024	189.55	189.60	191.70	187.55	1.23 times
04 Wed Sep 2024	188.30	182.15	192.95	182.15	0.864 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 181.6, but if it comes above 181.6, then a intra day buy could be more profitable.
If you take a sell trade below 181.6, then use 181.6 as stoploss and 171.9 as target. However if you take a buy trade in stock , then use 181.6 as stoploss and 189.66 as target.

Share price targets for Welspun I (WelspunI)

Target Type	Value
Downside Target	122.60
Downside Target	135.50
Downside Target	149.60
Downside Target	153.00
Downside Target	172.10
Upside Target	182.15
Upside Target	186.15
Upside Target	191.20
Upside Target	194.25
Upside Target	198.15
Upside Target	213.10

Intraday share price targets for Welspun I (WelspunI)

Target Type	Value
Downside Intraday Target	172.92
Downside Intraday Target	167.88
Upside Intraday Target	184.57
Upside Intraday Target	191.18
Upside Intraday Target	179.53

Weekly technical analysis of Welspun I (WelspunI)

Date	Weekly Closing Price	Open	High	Low	Volume
17 Tue Sep 2024	177.95	185.85	186.15	174.50	0.642 times
13 Fri Sep 2024	184.00	184.15	188.35	175.00	0.744 times
06 Fri Sep 2024	184.15	193.35	194.25	182.15	0.265 times
30 Fri Aug 2024	193.10	194.25	213.10	191.15	5.666 times
23 Fri Aug 2024	197.25	176.00	198.15	176.00	1.637 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
17 Tue Sep 2024	177.95	193.35	194.25	174.50	0.303 times
30 Fri Aug 2024	193.10	184.00	213.10	172.10	1.243 times
31 Wed Jul 2024	183.65	154.00	191.20	149.60	2.374 times
28 Fri Jun 2024	153.55	140.10	155.95	122.60	1.428 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 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 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 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 182.04 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.