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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 2024-05-02 View latest technical analysis

10 day averaged volume of Welspun Corp is 561027

Date	Daily Closing Price	Open	High	Low	Volume
02 Thu May 2024	605.20	565.00	608.70	565.00	8.13 times
30 Tue Apr 2024	564.35	571.05	573.00	563.00	0.292 times
29 Mon Apr 2024	570.35	578.95	580.00	569.00	0.487 times
26 Fri Apr 2024	571.40	579.80	581.00	566.30	0.788 times
25 Thu Apr 2024	576.95	575.00	589.15	573.55	1.074 times
24 Wed Apr 2024	574.70	575.00	586.55	567.65	2.204 times
23 Tue Apr 2024	561.25	558.80	565.75	550.10	0.65 times
22 Mon Apr 2024	550.40	539.50	560.95	533.85	1.633 times
19 Fri Apr 2024	528.70	532.05	535.00	517.05	1.077 times
18 Thu Apr 2024	538.75	557.00	557.90	532.00	0.968 times

Stock of Welspun Corp (WELCORP) has showed a significant upmove. This could be a good time to enter in 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 602.6, for a target of 582.7 or 566.1

Share price targets for Welspun Corp (WELCORP)

Target Type	Value
Downside Target	469.90
Downside Target	507.05
Downside Target	554.00
Downside Target	586.00
Downside Target	589.15
Downside Target	592.70
Upside Target	608.70
Upside Target	613.00
Upside Target	623.90

Intraday share price targets for Welspun Corp (WELCORP)

Target Type	Value
Downside Intraday Target	575.9
Downside Intraday Target	546.6
Upside Intraday Target	621.6
Upside Intraday Target	638
Downside Intraday Target	592.3

Weekly technical analysis of Welspun Corp (WELCORP)

Date	Weekly Closing Price	Open	High	Low	Volume
02 Thu May 2024	605.20	578.95	608.70	563.00	1.403 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
05 Fri Apr 2024	580.10	528.00	586.00	517.00	2.274 times

Price has moved up 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
02 Thu May 2024	605.20	565.00	608.70	565.00	0.398 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 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 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 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 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 is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.

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 and the buying is gaining 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 581.05 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.