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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 2024-04-05 View latest technical analysis

10 day averaged volume of Welspun Corp is 473640

Date	Daily Closing Price	Open	High	Low	Volume
05 Fri Apr 2024	580.10	583.50	583.50	566.55	2.144 times
04 Thu Apr 2024	583.65	562.30	586.00	554.00	2.029 times
03 Wed Apr 2024	561.50	555.50	564.90	545.10	0.499 times
02 Tue Apr 2024	560.20	558.00	562.80	552.80	0.918 times
01 Mon Apr 2024	551.75	528.00	553.00	517.00	1.42 times
28 Thu Mar 2024	515.40	515.50	522.60	513.55	0.587 times
27 Wed Mar 2024	513.85	527.00	527.00	510.25	1.565 times
26 Tue Mar 2024	518.45	532.10	536.70	515.00	0.931 times
22 Fri Mar 2024	535.95	526.40	544.50	522.00	1.039 times
21 Thu Mar 2024	524.15	514.20	531.00	510.00	0.645 times

Stock of Welspun Corp (WELCORP) has showed a significant fall. This could be a good time to exit from this stock.

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 587, for a target of 556.9 or 531.92

Share price targets for Welspun Corp (WELCORP)

Target Type	Value
Downside Target	469.90
Downside Target	496.60
Downside Target	544.50
Downside Target	548.85
Downside Target	554.00
Downside Target	569.40
Upside Target	586.00
Upside Target	613.00
Upside Target	623.90

Intraday share price targets for Welspun Corp (WELCORP)

Target Type	Value
Downside Intraday Target	536.07
Downside Intraday Target	492.03
Upside Intraday Target	605.07
Upside Intraday Target	630.03
Downside Intraday Target	561.03

Weekly technical analysis of Welspun Corp (WELCORP)

Date	Weekly Closing Price	Open	High	Low	Volume
05 Fri Apr 2024	580.10	528.00	586.00	517.00	2.274 times
28 Thu Mar 2024	515.40	532.10	536.70	510.25	0.888 times
22 Fri Mar 2024	535.95	512.10	544.50	496.60	0.533 times
15 Fri Mar 2024	511.65	547.85	548.85	469.90	1.549 times
07 Thu Mar 2024	547.85	543.00	554.00	527.20	0.453 times

Price has moved up this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Welspun Corp (WELCORP)

Date	Monthly Closing Price	Open	High	Low	Volume
05 Fri Apr 2024	580.10	528.00	586.00	517.00	0.355 times
28 Thu Mar 2024	515.40	521.50	554.00	469.90	0.536 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

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 positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Welspun Corp ( (WELCORP) ) based on a short to mid term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Welspun Corp ( (WELCORP) ) 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 Welspun Corp stock for short term is BUY. Signal strength is Strong and stock is gaining momentum.

MACD generated a BUY signal for Welspun Corp in short term and the buy signal is strong.

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

Welspun Corp Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears 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 buy signal for Welspun Corp in short term and BUY signal is strong.

RSI is generating a SELL signal in short term but selling is losing 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 551.09 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 rising upwards.

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 is giving positive returns over a short term period. Returns for a longer term period have been positive

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