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(WALCHANNAG) Walchandnagar Industries complete technical analysis [charts+indicators] | Buy/Sell Walchandnagar Industries | (WALCHANNAG) share price targets

Complete technical analysis of Walchandnagar Industries (WALCHANNAG) by charts plus indicators, forecast predictions and share price targets for Walchandnagar Industries (WALCHANNAG)

Walchandnagar Industries trades in NSE in Construction & Engineering sector.

Showing technical analysis as on 2024-01-22 View latest technical analysis

10 day averaged volume of Walchandnagar Industries is 228172

Date	Daily Closing Price	Open	High	Low	Volume
22 Mon Jan 2024	186.25	190.00	190.00	183.90	0.361 times
19 Fri Jan 2024	187.10	185.20	189.00	184.70	0.834 times
18 Thu Jan 2024	183.70	181.60	188.10	179.85	0.605 times
17 Wed Jan 2024	183.40	183.35	188.20	180.35	0.825 times
16 Tue Jan 2024	183.35	191.95	193.80	182.20	1.02 times
15 Mon Jan 2024	189.80	194.60	196.50	188.80	0.785 times
12 Fri Jan 2024	192.45	198.65	198.65	192.00	0.59 times
11 Thu Jan 2024	198.15	192.00	200.35	190.35	1.102 times
10 Wed Jan 2024	190.85	191.00	198.50	188.00	0.888 times
09 Tue Jan 2024	196.00	206.00	206.00	195.00	1.146 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 186.2 as stoploss in an intra day buy trade for a target of 190.77. However, stock will show a bearish move below 186.2.

Share price targets for Walchandnagar Industries (WALCHANNAG)

Target Type	Value
Downside Target	53.55
Downside Target	63.15
Downside Target	72.20
Downside Target	80.65
Downside Target	98.00
Downside Target	179.85
Upside Target	190.00
Upside Target	196.50
Upside Target	199.90
Upside Target	206.00
Upside Target	206.75

Intraday share price targets for Walchandnagar Industries (WALCHANNAG)

Target Type	Value
Downside Intraday Target	183.43
Downside Intraday Target	180.62
Upside Intraday Target	189.53
Upside Intraday Target	192.82
Upside Intraday Target	186.72

Weekly technical analysis of Walchandnagar Industries (WALCHANNAG)

Date	Weekly Closing Price	Open	High	Low	Volume
22 Mon Jan 2024	186.25	190.00	190.00	183.90	0.089 times
19 Fri Jan 2024	187.10	194.60	196.50	179.85	0.686 times
12 Fri Jan 2024	192.45	195.50	206.00	188.00	1.124 times
05 Fri Jan 2024	189.50	188.00	199.90	185.00	1.009 times
29 Fri Dec 2023	188.55	196.95	206.75	181.50	0.241 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 Walchandnagar Industries (WALCHANNAG)

Date	Monthly Closing Price	Open	High	Low	Volume
22 Mon Jan 2024	186.25	188.00	206.00	179.85	2.99 times
29 Fri Dec 2023	188.55	196.95	206.75	181.50	0.109 times
07 Wed Jun 2023	90.50	73.00	98.00	72.75	0.85 times
31 Wed May 2023	72.25	67.80	80.65	63.15	2.269 times

Scroll below to view daily charts

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

Indicators analysis of Walchandnagar Industries (WALCHANNAG)

Price action analysis of Walchandnagar Industries ( (WALCHANNAG) ) 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 Walchandnagar Industries ( (WALCHANNAG) ) 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 Walchandnagar Industries ( (WALCHANNAG) ) 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 Walchandnagar Industries ( (WALCHANNAG) ) 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 Walchandnagar Industries stock for short term is BUY. Signal strength is Strong and stock is gaining momentum.

MACD generated a SELL signal for Walchandnagar Industries in short term but the sell signal is initial and weak.

Walchandnagar Industries 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 green color and prices are in or below the green cloud Prices appear to be coming down

CCI has generated a SELL signal for Walchandnagar Industries in short term and SELL signal is strong!

RSI is generating a BUY signal in short term and the buying is gaining 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 Walchandnagar Industries is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 189.77 and Walchandnagar Industries (WALCHANNAG) 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 Walchandnagar Industries (WALCHANNAG) stock. Volume based technical analysis of Walchandnagar Industries (WALCHANNAG) stock is negative.

Walchandnagar Industries 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.