Stock analysis Welspun Investments and Commercials Limited WELINV

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Moving Averages for Welspun Investments and Commercials Limited

5Day Average: 364.83
12Day Average: 338.87
20Day Average: 327.69
50Day Average: 303.73
100Day Average: 288.12
150Day Average: 290.92
200Day Average: 289.49

WELINV Indicators & signals

Indicator MACD (12,26,9)

348.07, 328.54, 12.74
Indicator MACD is in positive zone

Indicator ADX (14)

64.53, 31.19, 6.72
Indicator ADX is indicating that momentum is still strong.
Indicator ADX is showing that momentum is towards buying

Indicator RSI (14)

Current RSI is: 65
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of WELINV Welspun Investments and Commercials Limited are as follows: Daily volume is divided by 10 day averaged volume

Date	Close	Range	Change %	Volume
09 Fri Jun 2023	396.35	363.05 to 410.00	8.12%	6.38 times
08 Thu Jun 2023	366.60	361.45 to 396.00	-7.2%	1.31 times
07 Wed Jun 2023	395.05	321.00 to 397.95	19.12%	7.13 times
06 Tue Jun 2023	331.65	318.10 to 343.95	-0.85%	0.38 times
05 Mon Jun 2023	334.50	327.55 to 337.80	-0.31%	0.09 times
02 Fri Jun 2023	335.55	326.00 to 338.85	0.95%	0.08 times
01 Thu Jun 2023	332.40	318.55 to 339.70	1.42%	0.17 times
31 Wed May 2023	327.75	307.75 to 349.00	3.18%	0.58 times
30 Tue May 2023	317.65	300.05 to 322.90	3.99%	0.13 times
29 Mon May 2023	305.45	302.60 to 313.90	-2.72%	0.06 times
26 Fri May 2023	314.00	306.05 to 317.00	1.47%	0.08 times
25 Thu May 2023	309.45	305.35 to 317.70	-0.83%	0.01 times

Technical analysis forecast of Welspun Investments and Commercials Limited Stock is that its in a uptrend for shortterm, and I will avoid taking a SHORT or SELL trade in this stock. Look for opportunities to BUY or go LONG in Welspun Investments and Commercials Limited WELINV at this time. Stock is rising and might rise more.

It appears as if Welspun Investments and Commercials Limited WELINV gave a large move recently.

Stock of Welspun Investments and Commercials Limited (WELINV) is trading above an important moving average line, and it has been above this line for quite some time now. This is a good sign, and the stock might keep rising and move higher!

Although my analysis for Welspun Investments and Commercials Limited is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 394.2, for a target of 362 or 335.21

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