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(WALCHANNAG_BE) Walchandnagar Industries complete technical analysis [charts+indicators] | Buy/Sell Walchandnagar Industries | (WALCHANNAG_BE) share price targets

Complete technical analysis of Walchandnagar Industries (WALCHANNAG_BE) by charts plus indicators, forecast predictions and share price targets for Walchandnagar Industries (WALCHANNAG_BE)

10 day averaged volume of Walchandnagar Industries is 173344

Date Daily Closing Price Open High Low Volume
10 Fri May 2024 185.20 185.00 192.45 182.05 0.882 times
09 Thu May 2024 185.35 192.30 193.50 184.15 1.744 times
08 Wed May 2024 193.85 196.60 196.60 187.30 2.109 times
07 Tue May 2024 197.15 206.95 208.00 196.95 1.769 times
06 Mon May 2024 207.30 218.00 223.50 207.25 0.858 times

Although my analysis for stock 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 180.7, for a target of 201 or 217.81

Share price targets for Walchandnagar Industries (WALCHANNAG_BE)

Target Type Value
Downside Target 168.45
Downside Target 181.65
Upside Target 188.50
Upside Target 202.90
Upside Target 211.20
Upside Target 219.00
Upside Target 223.50
Upside Target 232.95
Upside Target 235.00
Upside Target 239.50
Upside Target 252.70
Upside Target 256.70
Upside Target 268.10

Intraday share price targets for Walchandnagar Industries (WALCHANNAG_BE)

Target Type Value
Downside Intraday Target 170.33
Downside Intraday Target 155.47
Upside Intraday Target 211.78
Upside Intraday Target 238.37
Upside Intraday Target 196.92

Weekly technical analysis of Walchandnagar Industries (WALCHANNAG_BE)

Date Weekly Closing Price Open High Low Volume
10 Fri May 2024 185.20 218.00 223.50 182.05 3.502 times
03 Fri May 2024 218.15 237.95 239.50 212.60 0.441 times
26 Fri Apr 2024 234.00 221.00 252.70 219.00 1.758 times
19 Fri Apr 2024 219.45 204.10 224.50 202.90 0.707 times
12 Fri Apr 2024 213.55 226.50 235.00 211.20 1.365 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 Walchandnagar Industries (WALCHANNAG_BE)

Date Monthly Closing Price Open High Low Volume
10 Fri May 2024 185.20 232.95 232.95 182.05 0.581 times
30 Tue Apr 2024 229.75 209.90 252.70 202.90 1.073 times
28 Thu Mar 2024 202.30 245.95 256.70 181.65 0.71 times
29 Thu Feb 2024 246.45 195.90 268.10 188.50 1.61 times

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 Walchandnagar Industries (WALCHANNAG_BE)

Indicator Name Indicator Value Indicator Signal
ADX 11, 34, 51 Sell
MACD -9, -1Sell
Stochastics 6Sell
CCI -105Sell
RSI 60Buy
OBV -1697661Sell
VWAP 202Sell
ADL 0Sell
ROC -22Sell
Force Index 0Sell

Price action analysis of Walchandnagar Industries ( (WALCHANNAG_BE) ) 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 Walchandnagar Industries ( (WALCHANNAG_BE) ) 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 Walchandnagar Industries ( (WALCHANNAG_BE) ) 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 Walchandnagar Industries ( (WALCHANNAG_BE) ) 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 Walchandnagar Industries stock for short term is SELL. Signal strength is Strong and stock is gaining momentum.

MACD generated a SELL signal for Walchandnagar Industries in short term and the sell signal is strong.

Walchandnagar Industries 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 red color and prices are in or above the red cloud Prices appear to be coming down

CCI has generated a SELL signal for Walchandnagar Industries in short term and SELL signal is strong!

RSI is generating a BUY signal in short term and the buying is gaining momentum.

MRSI is in positive zone. This is a BUY zone

Stock of Walchandnagar Industries is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 201.89 and Walchandnagar Industries (WALCHANNAG_BE) 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 Walchandnagar Industries (WALCHANNAG_BE) stock. Volume based technical analysis of Walchandnagar Industries (WALCHANNAG_BE) stock is negative.

Walchandnagar Industries Stock has given negative returns over a short term period. Returns for a longer term period have been negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.

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