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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 2024-02-20 View latest technical analysis

10 day averaged volume of Welspun Corp is 910287

Date	Daily Closing Price	Open	High	Low	Volume
20 Tue Feb 2024	542.20	550.00	554.35	539.00	0.369 times
19 Mon Feb 2024	549.25	548.40	560.60	546.55	0.392 times
16 Fri Feb 2024	544.60	568.40	575.00	537.05	1.388 times
15 Thu Feb 2024	563.85	564.40	574.90	562.20	0.328 times
14 Wed Feb 2024	560.65	540.00	563.70	539.95	0.413 times
13 Tue Feb 2024	548.10	540.10	550.75	525.10	0.441 times
12 Mon Feb 2024	542.05	560.10	570.90	538.00	0.608 times
09 Fri Feb 2024	558.00	579.00	580.30	541.60	1.718 times
08 Thu Feb 2024	577.55	590.65	593.45	574.85	0.638 times
07 Wed Feb 2024	587.00	605.20	611.70	584.00	1.08 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 553.7, but if it comes above 553.7, then a intra day buy could be more profitable.
If you take a sell trade below 553.7, then use 553.7 as stoploss and 531.2 as target. However if you take a buy trade in stock , then use 553.7 as stoploss and 572.49 as target.

Share price targets for Welspun Corp (WELCORP)

Target Type	Value
Downside Target	376.15
Downside Target	423.60
Downside Target	457.30
Downside Target	498.05
Downside Target	524.10
Downside Target	539.00
Upside Target	560.60
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	533.93
Downside Intraday Target	525.67
Upside Intraday Target	555.53
Upside Intraday Target	568.87
Upside Intraday Target	547.27

Weekly technical analysis of Welspun Corp (WELCORP)

Date	Weekly Closing Price	Open	High	Low	Volume
20 Tue Feb 2024	542.20	548.40	560.60	539.00	0.24 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
25 Thu Jan 2024	578.80	602.10	613.00	570.05	0.301 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
20 Tue Feb 2024	542.20	590.00	623.90	525.10	0.484 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
30 Thu Nov 2023	530.35	427.00	562.95	423.60	1.726 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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

Price action analysis of Welspun Corp ( (WELCORP) ) based on a short 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 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 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 is trading near its recent LOWS in short term which reflects strong selling momentum. 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 SELL signal in short term but selling is losing momentum.

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling 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 558.66 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.