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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 2024-03-12 View latest technical analysis

10 day averaged volume of Welspun Corp is 619239

Date	Daily Closing Price	Open	High	Low	Volume
12 Tue Mar 2024	524.90	542.00	548.85	515.70	0.85 times
11 Mon Mar 2024	542.80	547.85	547.85	528.15	0.549 times
07 Thu Mar 2024	547.85	542.65	551.00	537.05	0.556 times
06 Wed Mar 2024	537.95	537.30	554.00	527.20	0.838 times
05 Tue Mar 2024	549.65	540.10	553.70	540.10	0.526 times
04 Mon Mar 2024	545.50	543.00	551.00	534.45	1.292 times
02 Sat Mar 2024	540.60	534.80	543.50	534.80	0.158 times
01 Fri Mar 2024	533.80	521.50	543.70	519.65	1.757 times
29 Thu Feb 2024	510.25	525.00	530.00	507.05	2.12 times
28 Wed Feb 2024	528.50	555.00	559.65	523.30	1.44 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 530.1, but if it comes above 530.1, then a intra day buy could be more profitable.
If you take a sell trade below 530.1, then use 530.1 as stoploss and 512.9 as target. However if you take a buy trade in stock , then use 530.1 as stoploss and 544.31 as target.

Share price targets for Welspun Corp (WELCORP)

Target Type	Value
Downside Target	423.60
Downside Target	498.05
Upside Target	548.85
Upside Target	554.00
Upside Target	562.95
Upside Target	568.00
Upside Target	569.40
Upside Target	572.70
Upside Target	575.00
Upside Target	613.00
Upside Target	623.90

Intraday share price targets for Welspun Corp (WELCORP)

Target Type	Value
Downside Intraday Target	510.78
Downside Intraday Target	496.67
Upside Intraday Target	543.93
Upside Intraday Target	562.97
Upside Intraday Target	529.82

Weekly technical analysis of Welspun Corp (WELCORP)

Date	Weekly Closing Price	Open	High	Low	Volume
12 Tue Mar 2024	524.90	547.85	548.85	515.70	0.436 times
07 Thu Mar 2024	547.85	543.00	554.00	527.20	0.453 times
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

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
12 Tue Mar 2024	524.90	521.50	554.00	515.70	0.232 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 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

Price action analysis of Welspun Corp ( (WELCORP) ) based on a mid to longer term time period is neutral. A longer time frame might give a better analysis.

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

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

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. Bulls are getting tired and bears are picking up momentum.

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 Welspun Corp 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 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 531.39 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.