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(WELCORP) Welspun Corp complete technical analysis [charts+indicators] | Buy/Sell Welspun Corp | (WELCORP) share price targets

Complete technical analysis of Welspun Corp (WELCORP) by charts plus indicators, forecast predictions and share price targets for Welspun Corp (WELCORP)

Welspun Corp trades in NSE in Construction & Engineering sector.

Showing technical analysis as on 2024-03-01 View latest technical analysis

10 day averaged volume of Welspun Corp is 801940

Date	Daily Closing Price	Open	High	Low	Volume
01 Fri Mar 2024	533.80	521.50	543.70	519.65	1.357 times
29 Thu Feb 2024	510.25	525.00	530.00	507.05	1.637 times
28 Wed Feb 2024	528.50	555.00	559.65	523.30	1.112 times
27 Tue Feb 2024	558.15	562.00	572.70	554.60	0.589 times
26 Mon Feb 2024	567.00	562.05	571.80	557.50	0.658 times
23 Fri Feb 2024	565.85	544.75	568.00	541.00	1.442 times
22 Thu Feb 2024	543.45	530.10	545.95	512.50	1.351 times
21 Wed Feb 2024	529.45	542.20	548.85	527.80	0.77 times
20 Tue Feb 2024	542.20	550.00	554.35	539.00	0.419 times
19 Mon Feb 2024	549.25	548.40	560.60	546.55	0.445 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 533 as stoploss in an intra day buy trade for a target of 555.08. However, stock will show a bearish move below 533.

Share price targets for Welspun Corp (WELCORP)

Target Type	Value
Downside Target	423.60
Downside Target	498.05
Upside Target	541.60
Upside Target	562.95
Upside Target	569.40
Upside Target	572.60
Upside Target	572.70
Upside Target	575.00
Upside Target	605.95
Upside Target	613.00
Upside Target	623.90

Intraday share price targets for Welspun Corp (WELCORP)

Target Type	Value
Downside Intraday Target	503
Downside Intraday Target	472.2
Upside Intraday Target	568.65
Upside Intraday Target	603.5
Upside Intraday Target	537.85

Weekly technical analysis of Welspun Corp (WELCORP)

Date	Weekly Closing Price	Open	High	Low	Volume
01 Fri Mar 2024	533.80	562.05	572.70	507.05	1.209 times
23 Fri Feb 2024	565.85	548.40	568.00	512.50	1.228 times
16 Fri Feb 2024	544.60	560.10	575.00	525.10	0.427 times
09 Fri Feb 2024	558.00	590.00	623.90	541.60	1.289 times
02 Fri Feb 2024	590.80	584.95	605.95	572.60	2.088 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 Welspun Corp (WELCORP)

Date	Monthly Closing Price	Open	High	Low	Volume
01 Fri Mar 2024	533.80	521.50	543.70	519.65	0.062 times
29 Thu Feb 2024	510.25	590.00	623.90	507.05	0.741 times
31 Wed Jan 2024	587.40	548.00	613.00	524.10	1.327 times
29 Fri Dec 2023	548.15	530.80	569.40	498.05	0.393 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 Welspun Corp (WELCORP)

Price action analysis of Welspun Corp ( (WELCORP) ) 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 Welspun Corp ( (WELCORP) ) 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 Welspun Corp ( (WELCORP) ) 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 Welspun Corp ( (WELCORP) ) based on a mid to longer 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

ADX buy sell signal for Welspun Corp stock for short term is SELL. Signal strength is Strong and stock is losing momentum.

MACD generated a SELL signal for Welspun Corp in short term and the sell signal is strong.

Welspun Corp Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

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

CCI has generated a buy signal for Welspun Corp in short term but BUY signal is weak.

RSI is generating a SELL signal in short term but selling is losing momentum.

MRSI is in positive zone. This is a BUY zone

Stock of Welspun Corp is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 539.74 and Welspun Corp (WELCORP) 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 Welspun Corp (WELCORP) stock. Volume based technical analysis of Welspun Corp (WELCORP) stock is negative.

Welspun Corp 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.