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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)

10 day averaged volume of Welspun Corp is 970801

Date Daily Closing Price Open High Low Volume
17 Fri May 2024 609.80 605.00 618.55 598.15 1.368 times
16 Thu May 2024 601.95 604.50 610.00 594.00 0.674 times
15 Wed May 2024 598.95 597.95 609.00 592.10 0.891 times
14 Tue May 2024 593.40 585.00 597.15 580.85 0.613 times
13 Mon May 2024 583.65 571.00 587.70 561.80 1.454 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 598.8, but if it comes below 598.8, then a intra day sell could be more profitable.
If you take a sell trade below 598.8, then use 598.8 as stoploss and 578.78 as target. However if you take a buy trade in stock , then use 598.8 as stoploss and 622.9 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
Downside Target 592.70
Downside Target 605.00
Upside Target 613.00
Upside Target 614.40
Upside Target 618.55
Upside Target 623.90

Intraday share price targets for Welspun Corp (WELCORP)

Target Type Value
Downside Intraday Target 574.88
Downside Intraday Target 539.97
Upside Intraday Target 631.63
Upside Intraday Target 653.47
Downside Intraday Target 596.72

Weekly technical analysis of Welspun Corp (WELCORP)

Date Weekly Closing Price Open High Low Volume
17 Fri May 2024 609.80 571.00 618.55 561.80 1 times
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

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
17 Fri May 2024 609.80 565.00 618.55 537.00 1.427 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

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)

Indicator Name Indicator Value Indicator Signal
ADX 30, 16, 31 Buy
MACD 21, 18Buy
Stochastics 84Buy
CCI 134Buy
RSI 52Buy
OBV 4920188Sell
VWAP 587Buy
ADL 0Sell
ROC 2Buy
Force Index 0Sell

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 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 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 red color and prices are in or above the red 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 586.52 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.

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