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

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

Showing technical analysis as on 2024-04-08 View latest technical analysis

10 day averaged volume of Wheels India is 78754

Date	Daily Closing Price	Open	High	Low	Volume
08 Mon Apr 2024	604.80	607.00	622.05	601.95	0.915 times
05 Fri Apr 2024	604.70	601.10	609.90	597.15	0.52 times
04 Thu Apr 2024	603.55	604.15	610.00	599.45	0.966 times
03 Wed Apr 2024	604.10	593.40	610.00	591.20	0.889 times
02 Tue Apr 2024	593.60	604.80	608.45	591.80	1.078 times
01 Mon Apr 2024	604.30	602.95	614.10	599.45	1.147 times
28 Thu Mar 2024	597.95	587.00	603.85	587.00	0.956 times
27 Wed Mar 2024	584.95	574.60	605.10	570.00	2.619 times
26 Tue Mar 2024	574.60	589.55	595.80	572.00	0.782 times
22 Fri Mar 2024	589.55	570.00	598.85	570.00	0.673 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 603.5, but if it comes below 603.5, then a intra day sell could be more profitable.
If you take a sell trade below 603.5, then use 603.5 as stoploss and 589.23 as target. However if you take a buy trade in stock , then use 603.5 as stoploss and 620.7 as target.

Share price targets for Wheels India (WHEELS)

Target Type	Value
Downside Target	554.50
Downside Target	584.20
Upside Target	614.10
Upside Target	622.05
Upside Target	648.40
Upside Target	648.80
Upside Target	656.50
Upside Target	699.00
Upside Target	732.00
Upside Target	764.95

Intraday share price targets for Wheels India (WHEELS)

Target Type	Value
Downside Intraday Target	597.15
Downside Intraday Target	589.5
Upside Intraday Target	617.25
Upside Intraday Target	629.7
Upside Intraday Target	609.6

Weekly technical analysis of Wheels India (WHEELS)

Date	Weekly Closing Price	Open	High	Low	Volume
08 Mon Apr 2024	604.80	607.00	622.05	601.95	0.199 times
05 Fri Apr 2024	604.70	602.95	614.10	591.20	1.056 times
28 Thu Mar 2024	597.95	589.55	605.10	570.00	1.387 times
22 Fri Mar 2024	589.55	577.00	598.85	561.80	0.914 times
15 Fri Mar 2024	577.40	610.00	612.80	554.50	1.631 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 Wheels India (WHEELS)

Date	Monthly Closing Price	Open	High	Low	Volume
08 Mon Apr 2024	604.80	602.95	622.05	591.20	0.394 times
28 Thu Mar 2024	597.95	625.50	648.40	554.50	0.455 times
29 Thu Feb 2024	623.95	661.50	699.00	584.20	0.616 times
31 Wed Jan 2024	657.60	695.45	764.95	648.80	9.063 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 Wheels India (WHEELS)

Price action analysis of Wheels India ( (WHEELS) ) based on a short term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

Price action analysis of Wheels India ( (WHEELS) ) based on a short 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.

Price action analysis of Wheels India ( (WHEELS) ) based on a short to mid 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.

Price action analysis of Wheels India ( (WHEELS) ) based on a mid to longer 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.

ADX buy sell signal for Wheels India stock for short term is BUY. Signal strength is Weak and stock is gaining momentum.

MACD generated a BUY signal for Wheels India in short term but the buy signal is initial and weak.

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

Wheels India Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.

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

CCI has generated a buy signal for Wheels India in short term and BUY signal is strong.

RSI is generating a SELL signal in short term and selling is picking up 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 Wheels 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 594.66 and Wheels India (WHEELS) 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 Wheels India (WHEELS) stock. Volume based technical analysis of Wheels India (WHEELS) stock is negative.

Wheels India Stock is giving positive 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.