WELCORP - IntraDay Trade Analysis

Last Updated Time : 02 Aug 25, 12:58 am

📊 IntraDay Trade Rating: 4.2

Welspun Corp Ltd (WELCORP) shows moderate bullish potential for intraday trading today, though caution is advised due to mixed momentum signals.

🔍 Intraday Analysis Summary

✅ Bullish Indicators

Volume Surge: Current volume (23.5L) is significantly higher than the 1-week average (9.2L), indicating strong participation.

Price Action: Trading near support zone (~889 ₹) with potential bounce toward resistance.

MACD Crossover: Recent bullish crossover suggests upward momentum building

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SAR & Keltner Bands: Bullish breakout signals confirmed

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PEG Ratio: At 0.38, indicates undervaluation relative to growth.

⚠️ Bearish/Neutral Indicators

MACD Value: Still negative (-1.72), showing lingering bearish pressure.

RSI: At 53.3, neutral zone—neither overbought nor oversold.

Price Below Key Averages: Currently trading below 50-DMA and 200-DMA, signaling short-term weakness

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FII Holding: Slight decline (-0.05%) could dampen sentiment.

💡 Intraday Strategy

📈 If You're Entering Fresh Today

Optimal Buy Price: ₹890–₹895 (near intraday support)

Profit Target Levels

First Target: ₹926 (very strong resistance zone)

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Second Target: ₹955 (strong resistance)

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Stop Loss: ₹882 (below weak support zone)

📉 If You're Already Holding

Exit on Weakness

If price fails to hold above ₹889 and volume drops, consider exiting.

Watch for MACD flattening or RSI dipping below 50.

Exit on Strength

If price approaches ₹926–₹955 with declining momentum (e.g., RSI > 70), consider booking profits.

🧠 Final Thoughts

WELCORP is a technically strong candidate for intraday trading today, but traders should monitor price action closely around ₹890–₹926. Momentum indicators suggest a possible bounce, but resistance is not far off.

Would you like a similar breakdown for swing trading or another stock?

1

www.topstockresearch.com

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justticks.in

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