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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 2023-12-12 View latest technical analysis

10 day averaged volume of Welspun India is 3014925

Date	Daily Closing Price	Open	High	Low	Volume
12 Tue Dec 2023	155.70	154.95	163.20	154.25	1.383 times
11 Mon Dec 2023	153.70	153.20	155.10	151.30	0.497 times
08 Fri Dec 2023	152.75	156.00	158.15	150.20	0.648 times
07 Thu Dec 2023	155.80	158.50	159.10	155.50	0.493 times
06 Wed Dec 2023	157.80	162.75	163.35	157.25	0.682 times
05 Tue Dec 2023	161.85	157.00	165.40	157.00	3.176 times
04 Mon Dec 2023	156.25	158.00	159.30	154.10	0.751 times
01 Fri Dec 2023	156.80	158.95	161.80	155.95	0.754 times
30 Thu Nov 2023	156.95	156.60	159.35	155.25	0.9 times
29 Wed Nov 2023	156.25	158.70	160.70	155.00	0.897 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 155.3 as stoploss in an intra day buy trade for a target of 159.34. However, stock will show a bearish move below 155.3.

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	155.00
Upside Target	163.20
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	150.27
Downside Intraday Target	144.83
Upside Intraday Target	162.17
Upside Intraday Target	168.63
Upside Intraday Target	156.73

Weekly technical analysis of Welspun India (WELSPUNIND)

Date	Weekly Closing Price	Open	High	Low	Volume
12 Tue Dec 2023	155.70	153.20	163.20	151.30	0.327 times
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

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
12 Tue Dec 2023	155.70	158.95	165.40	150.20	0.227 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 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 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 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 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.

Welspun India 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 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 but buying is losing momentum.

MRSI is in negative zone. This is the SELL 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 157.76 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.