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Stock analysis Wheels India Limited WHEELS

More indepth analysis on MunafaSutra.com

Moving Averages for Wheels India Limited

  • 5Day Average: 711.82
  • 12Day Average: 739.21
  • 20Day Average: 738.31
  • 50Day Average: 774.03
  • 100Day Average: 803.84
  • 150Day Average: 744.1
  • 200Day Average: 714.9

WHEELS Indicators & signals

Indicator MACD (12,26,9)

728.58, 745.87, -13.13
Indicator MACD is in negative zone

Indicator ADX (14)

36.86, 12.81, 27.77
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 54
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of WHEELS Wheels India Limited are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
30 Wed Oct 2024 691.70 685.00 to 713.70 -2.12% 1.53 times
29 Tue Oct 2024 706.65 698.60 to 742.70 -3.73% 1.61 times
28 Mon Oct 2024 734.00 695.30 to 755.00 6.25% 2.47 times
25 Fri Oct 2024 690.85 683.00 to 739.55 -6.12% 1.2 times
24 Thu Oct 2024 735.90 730.05 to 755.00 -0.86% 0.45 times
23 Wed Oct 2024 742.30 711.55 to 748.30 2.34% 0.46 times
22 Tue Oct 2024 725.35 722.35 to 771.80 -5.8% 0.54 times
21 Mon Oct 2024 770.05 760.80 to 782.95 -1% 0.32 times
18 Fri Oct 2024 777.85 756.65 to 788.70 0.35% 0.53 times
17 Thu Oct 2024 775.15 770.00 to 800.00 -0.86% 1.2 times
16 Wed Oct 2024 781.85 735.00 to 785.80 5.82% 1.23 times
15 Tue Oct 2024 738.85 722.70 to 752.45 -0.07% 0.34 times

Technical analysis forecast for Wheels India Limited Stock is that its in a downtrend for shortterm, and I will avoid taking a BUY or a LONG trade in this stock. Look for opportunities to sell or SHORT Wheels India Limited WHEELS at this time. Stock is falling and might fall more.

It appears as if Wheels India Limited WHEELS gave a large move recently.

Stock of Wheels India Limited (WHEELS) is trading below an important moving average line, and it has been below this line for quite some time now. This is not a good sign, stock might keep falling and stock might move lower...

Although my analysis for Wheels India Limited is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 684.3, for a target of 714.3 or 739.36

More indepth analysis on MunafaSutra.com