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(WELSPUNIND) Welspun India complete technical analysis [charts+indicators] | Buy/Sell Welspun India | (WELSPUNIND) share price targets

Complete technical analysis of Welspun India (WELSPUNIND) by charts plus indicators, forecast predictions and share price targets for Welspun India (WELSPUNIND)

Welspun India trades in NSE in Textiles sector.

Showing technical analysis as on 2023-12-05 View latest technical analysis

10 day averaged volume of Welspun India is 2999469

Date	Daily Closing Price	Open	High	Low	Volume
05 Tue Dec 2023	161.85	157.00	165.40	157.00	3.192 times
04 Mon Dec 2023	156.25	158.00	159.30	154.10	0.755 times
01 Fri Dec 2023	156.80	158.95	161.80	155.95	0.757 times
30 Thu Nov 2023	156.95	156.60	159.35	155.25	0.904 times
29 Wed Nov 2023	156.25	158.70	160.70	155.00	0.902 times
28 Tue Nov 2023	157.55	162.10	163.25	157.05	1.209 times
24 Fri Nov 2023	161.10	162.80	164.60	159.80	0.792 times
23 Thu Nov 2023	161.60	162.90	165.30	160.15	0.959 times
22 Wed Nov 2023	161.85	165.10	165.95	160.25	1.145 times
21 Tue Nov 2023	165.30	162.15	166.80	160.75	1.459 times

Stock of Welspun India (WELSPUNIND) has showed a significant upmove. This could be a good time to enter in this stock!

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 163.7 as stoploss in an intra day sell trade for a target of 157.87. However, stock will show a bullish move above 163.7.

Share price targets for Welspun India (WELSPUNIND)

Target Type	Value
Downside Target	108.45
Downside Target	112.60
Downside Target	115.65
Downside Target	127.80
Downside Target	146.45
Downside Target	154.10
Downside Target	159.80
Upside Target	163.25
Upside Target	165.40
Upside Target	166.80
Upside Target	169.95

Intraday share price targets for Welspun India (WELSPUNIND)

Target Type	Value
Downside Intraday Target	155.5
Downside Intraday Target	149.15
Upside Intraday Target	166.8
Upside Intraday Target	171.75
Downside Intraday Target	160.45

Weekly technical analysis of Welspun India (WELSPUNIND)

Date	Weekly Closing Price	Open	High	Low	Volume
05 Tue Dec 2023	161.85	158.00	165.40	154.10	1.046 times
01 Fri Dec 2023	156.80	162.10	163.25	155.00	0.689 times
24 Fri Nov 2023	161.10	164.35	166.80	159.80	0.431 times
17 Fri Nov 2023	163.35	149.95	169.95	148.90	1.801 times
10 Fri Nov 2023	148.85	149.95	156.30	147.10	0.243 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 India (WELSPUNIND)

Date	Monthly Closing Price	Open	High	Low	Volume
05 Tue Dec 2023	161.85	158.95	165.40	154.10	0.127 times
30 Thu Nov 2023	156.95	150.40	169.95	146.45	0.59 times
31 Tue Oct 2023	150.40	122.00	158.00	115.65	5.537 times
29 Fri Sep 2023	121.45	124.85	129.50	112.60	0.345 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 India (WELSPUNIND)

Price action analysis of Welspun India ( (WELSPUNIND) ) 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 India ( (WELSPUNIND) ) based on a short to mid 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 India ( (WELSPUNIND) ) 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 India stock for short term is BUY. Signal strength is Strong and stock is gaining momentum.

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

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

Welspun India 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 weakening, and bulls are picking up momentum!

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be moving up

CCI has generated a buy signal for Welspun India in short term and BUY 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 Welspun India is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 160.32 and Welspun India (WELSPUNIND) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.

People seem to be coming out and selling the Welspun India (WELSPUNIND) stock. Volume based technical analysis of Welspun India (WELSPUNIND) stock is negative.

Welspun India 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.