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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 2024-03-02 View latest technical analysis

10 day averaged volume of Welspun Corp is 784370

Date	Daily Closing Price	Open	High	Low	Volume
02 Sat Mar 2024	540.60	534.80	543.50	534.80	0.125 times
01 Fri Mar 2024	533.80	521.50	543.70	519.65	1.387 times
29 Thu Feb 2024	510.25	525.00	530.00	507.05	1.674 times
28 Wed Feb 2024	528.50	555.00	559.65	523.30	1.137 times
27 Tue Feb 2024	558.15	562.00	572.70	554.60	0.602 times
26 Mon Feb 2024	567.00	562.05	571.80	557.50	0.673 times
23 Fri Feb 2024	565.85	544.75	568.00	541.00	1.474 times
22 Thu Feb 2024	543.45	530.10	545.95	512.50	1.381 times
21 Wed Feb 2024	529.45	542.20	548.85	527.80	0.787 times
20 Tue Feb 2024	542.20	550.00	554.35	539.00	0.429 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 532.1 as stoploss in an intra day buy trade for a target of 552.32. However, stock will show a bearish move below 532.1.

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	507.53
Downside Intraday Target	474.47
Upside Intraday Target	573.18
Upside Intraday Target	605.77
Downside Intraday Target	540.12

Weekly technical analysis of Welspun Corp (WELCORP)

Date	Weekly Closing Price	Open	High	Low	Volume
02 Sat Mar 2024	540.60	562.05	572.70	507.05	1.236 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
02 Sat Mar 2024	540.60	521.50	543.70	519.65	0.068 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 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Welspun Corp 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 weakening, and bulls are picking up momentum!

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 and selling is picking up momentum.

MRSI is in negative zone. This is the SELL 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 539.3 and Welspun Corp (WELCORP) stock is trading above this level. This is a good sign for the stock and it could move higher. 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.