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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 2024-03-06 View latest technical analysis

10 day averaged volume of Wheels India is 101155

Date	Daily Closing Price	Open	High	Low	Volume
06 Wed Mar 2024	604.15	620.00	629.20	600.00	0.535 times
05 Tue Mar 2024	622.95	633.00	634.35	621.65	0.454 times
04 Mon Mar 2024	633.90	638.75	641.95	632.00	0.279 times
02 Sat Mar 2024	638.75	638.50	647.00	631.05	0.039 times
01 Fri Mar 2024	635.85	625.50	648.40	621.95	0.709 times
29 Thu Feb 2024	623.95	625.85	628.50	612.35	0.572 times
28 Wed Feb 2024	624.10	638.15	640.00	609.60	1.284 times
27 Tue Feb 2024	634.95	640.00	658.80	631.70	2.376 times
26 Mon Feb 2024	631.70	616.30	663.50	603.55	3.339 times
23 Fri Feb 2024	613.95	601.05	619.75	600.15	0.518 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 605.4, but if it comes above 605.4, then a intra day buy could be more profitable.
If you take a sell trade below 605.4, then use 605.4 as stoploss and 589.7 as target. However if you take a buy trade in stock , then use 605.4 as stoploss and 618.43 as target.

Share price targets for Wheels India (WHEELS)

Target Type	Value
Downside Target	584.20
Upside Target	622.00
Upside Target	638.00
Upside Target	656.05
Upside Target	656.50
Upside Target	663.50
Upside Target	680.00
Upside Target	699.00
Upside Target	706.90
Upside Target	732.00
Upside Target	764.95

Intraday share price targets for Wheels India (WHEELS)

Target Type	Value
Downside Intraday Target	588.78
Downside Intraday Target	573.42
Upside Intraday Target	630.73
Upside Intraday Target	657.32
Upside Intraday Target	615.37

Weekly technical analysis of Wheels India (WHEELS)

Date	Weekly Closing Price	Open	High	Low	Volume
06 Wed Mar 2024	604.15	638.75	641.95	600.00	0.152 times
02 Sat Mar 2024	638.75	616.30	663.50	603.55	3.413 times
23 Fri Feb 2024	613.95	612.30	638.00	592.35	0.664 times
16 Fri Feb 2024	612.30	630.40	648.25	584.20	0.727 times
09 Fri Feb 2024	627.25	670.05	680.00	622.00	0.52 times

Price has moved down 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
06 Wed Mar 2024	604.15	625.50	648.40	600.00	0.084 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
29 Fri Dec 2023	694.30	670.95	732.00	656.50	1.122 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 Wheels India (WHEELS)

Price action analysis of Wheels India ( (WHEELS) ) based on a short term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

Price action analysis of Wheels India ( (WHEELS) ) based on a short term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

Price action analysis of Wheels India ( (WHEELS) ) based on a short to mid term time period is neutral. A longer time frame might give a better analysis.

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 SELL. 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.

Wheels India Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bears are getting stronger in this stock.

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be coming down

CCI has generated a SELL signal for Wheels India in short term and SELL signal is strong!

RSI is generating a SELL signal in short term and selling is picking up momentum.

MRSI is in positive zone. This is a BUY zone

Stock of Wheels 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 628.68 and Wheels India (WHEELS) 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 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 negative.

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