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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 2023-12-08 View latest technical analysis

10 day averaged volume of Welspun India is 3194915

Date	Daily Closing Price	Open	High	Low	Volume
08 Fri Dec 2023	152.75	156.00	158.15	150.20	0.611 times
07 Thu Dec 2023	155.80	158.50	159.10	155.50	0.466 times
06 Wed Dec 2023	157.80	162.75	163.35	157.25	0.644 times
05 Tue Dec 2023	161.85	157.00	165.40	157.00	2.997 times
04 Mon Dec 2023	156.25	158.00	159.30	154.10	0.708 times
01 Fri Dec 2023	156.80	158.95	161.80	155.95	0.711 times
30 Thu Nov 2023	156.95	156.60	159.35	155.25	0.849 times
29 Wed Nov 2023	156.25	158.70	160.70	155.00	0.846 times
28 Tue Nov 2023	157.55	162.10	163.25	157.05	1.135 times
24 Fri Nov 2023	161.10	162.80	164.60	159.80	0.743 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 154, but if it comes above 154, then a intra day buy could be more profitable.
If you take a sell trade below 154, then use 154 as stoploss and 148.3 as target. However if you take a buy trade in stock , then use 154 as stoploss and 158.83 as target.

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
Upside Target	155.00
Upside 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	146.83
Downside Intraday Target	140.92
Upside Intraday Target	162.03
Upside Intraday Target	171.32
Upside Intraday Target	156.12

Weekly technical analysis of Welspun India (WELSPUNIND)

Date	Weekly Closing Price	Open	High	Low	Volume
08 Fri Dec 2023	152.75	158.00	165.40	150.20	1.532 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 down this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Welspun India (WELSPUNIND)

Date	Monthly Closing Price	Open	High	Low	Volume
08 Fri Dec 2023	152.75	158.95	165.40	150.20	0.176 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 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 India (WELSPUNIND)

Price action analysis of Welspun India ( (WELSPUNIND) ) 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 India ( (WELSPUNIND) ) based on a short term time period is neutral. A longer time frame might give a better analysis.

Price action analysis of Welspun India ( (WELSPUNIND) ) 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 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 SELL. Signal strength is Weak and stock is losing momentum.

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

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

CCI has generated a SELL signal for Welspun India in short term and SELL signal is strong!

RSI is generating a BUY signal in short term but buying is losing momentum.

MRSI is in positive zone. This is a BUY zone

Stock of Welspun India is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 158.46 and Welspun India (WELSPUNIND) 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 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.