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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.

10 day averaged volume of Welspun Corp is 1210996

Date	Daily Closing Price	Open	High	Low	Volume
08 Wed May 2024	590.45	581.00	595.00	570.55	0.554 times
07 Tue May 2024	581.50	582.00	587.65	567.30	1.181 times
06 Mon May 2024	582.90	604.90	605.00	572.50	0.79 times
03 Fri May 2024	600.70	610.00	614.40	580.40	1.717 times
02 Thu May 2024	605.20	565.00	608.70	565.00	3.766 times
30 Tue Apr 2024	564.35	571.05	573.00	563.00	0.135 times
29 Mon Apr 2024	570.35	578.95	580.00	569.00	0.226 times
26 Fri Apr 2024	571.40	579.80	581.00	566.30	0.365 times
25 Thu Apr 2024	576.95	575.00	589.15	573.55	0.497 times
24 Wed Apr 2024	574.70	575.00	586.55	567.65	1.021 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 588.3, but if it comes below 588.3, then a intra day sell could be more profitable.
If you take a sell trade below 588.3, then use 588.3 as stoploss and 569.61 as target. However if you take a buy trade in stock , then use 588.3 as stoploss and 610.8 as target.

Share price targets for Welspun Corp (WELCORP)

Target Type	Value
Downside Target	469.90
Downside Target	507.05
Downside Target	554.00
Downside Target	589.15
Upside Target	592.70
Upside Target	605.00
Upside Target	613.00
Upside Target	614.40
Upside Target	623.90

Intraday share price targets for Welspun Corp (WELCORP)

Target Type	Value
Downside Intraday Target	570.17
Downside Intraday Target	549.88
Upside Intraday Target	607.87
Upside Intraday Target	625.28
Downside Intraday Target	587.58

Weekly technical analysis of Welspun Corp (WELCORP)

Date	Weekly Closing Price	Open	High	Low	Volume
08 Wed May 2024	590.45	604.90	605.00	567.30	0.432 times
03 Fri May 2024	600.70	578.95	614.40	563.00	1.987 times
26 Fri Apr 2024	571.40	539.50	589.15	533.85	1.285 times
19 Fri Apr 2024	528.70	540.00	568.00	517.05	2.028 times
12 Fri Apr 2024	568.95	581.00	592.70	558.95	0.412 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
08 Wed May 2024	590.45	565.00	614.40	565.00	0.846 times
30 Tue Apr 2024	564.35	528.00	592.70	517.00	1.224 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

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 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 positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the 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 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 green color and prices are above the green cloud Prices appear to be moving up

CCI has generated a buy signal for Welspun Corp in short term and BUY signal is strong.

RSI is generating a BUY signal in short term but buying is losing momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying might be slowing down

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

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 592.28 and Welspun Corp (WELCORP) stock is trading below this level. This means that stock is falling with high volumes. 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.