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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 1184750

Date	Daily Closing Price	Open	High	Low	Volume
10 Fri May 2024	555.15	562.35	571.65	537.00	0.951 times
09 Thu May 2024	573.90	596.40	599.90	568.00	0.564 times
08 Wed May 2024	590.45	581.00	595.00	570.55	0.566 times
07 Tue May 2024	581.50	582.00	587.65	567.30	1.207 times
06 Mon May 2024	582.90	604.90	605.00	572.50	0.807 times
03 Fri May 2024	600.70	610.00	614.40	580.40	1.755 times
02 Thu May 2024	605.20	565.00	608.70	565.00	3.85 times
30 Tue Apr 2024	564.35	571.05	573.00	563.00	0.138 times
29 Mon Apr 2024	570.35	578.95	580.00	569.00	0.231 times
26 Fri Apr 2024	571.40	579.80	581.00	566.30	0.373 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 549.7 as stoploss in an intra day buy trade for a target of 568.37. However, stock will show a bearish move below 549.7.

Share price targets for Welspun Corp (WELCORP)

Target Type	Value
Downside Target	469.90
Downside Target	507.05
Downside Target	554.00
Upside 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	526.43
Downside Intraday Target	497.72
Upside Intraday Target	594.43
Upside Intraday Target	633.72
Upside Intraday Target	565.72

Weekly technical analysis of Welspun Corp (WELCORP)

Date	Weekly Closing Price	Open	High	Low	Volume
10 Fri May 2024	555.15	604.90	605.00	537.00	0.686 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
10 Fri May 2024	555.15	565.00	614.40	537.00	1.003 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 down 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 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 SELL. Signal strength is Weak and stock is losing momentum.

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

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 getting stronger in this stock.

Ichimoku cloud is of green color and prices are in or below the green 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 BUY signal in short term but buying 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 590.41 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 positive

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