WELCORP - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 19 Sept 25, 2:16 pm

Technical Rating: 4.1

Here’s a detailed technical analysis of Welspun Corp Ltd (WELCORP)

📊 Trend Overview

Current Trend: The stock is in a moderate uptrend, showing strength above key moving averages and forming higher lows.

Price Action: Trading at ₹895, above both the 50-DMA (₹882) and 200-DMA (₹825), indicating bullish bias and trend continuation.

📈 Momentum Indicators

RSI (54.0): Neutral to mildly bullish. Indicates steady momentum without being overbought.

MACD (3.60): Positive crossover, confirming bullish sentiment and potential for further upside.

Volume: Current volume (2.44 lakh) is significantly below the 1-week average (6.27 lakh), suggesting momentum is intact but not yet backed by strong participation.

📉 Moving Averages

Indicator Value (₹) Signal

50-DMA 882 Support

200-DMA 825 Strong Support

Current Price 895 Above both DMAs

📌 Bollinger Bands

Price is near the middle band, suggesting consolidation.

A breakout above ₹910–₹920 could trigger a rally toward ₹950–₹995.

🧭 Support & Resistance Zones

Immediate Support: ₹875–₹882 zone

Major Support: ₹840–₹850 zone

Immediate Resistance: ₹910–₹920 zone

Major Resistance: ₹950–₹995 (52-week high)

🎯 Entry & Exit Zones

Optimal Entry: ₹875–₹885 (on pullback with MACD support)

Exit Zone: ₹950–₹995 (resistance zone), ₹1,020+ if momentum builds

🔍 Conclusion

WELCORP is currently trending upward with supportive MACD and RSI signals. Price action above key moving averages confirms bullish sentiment. A breakout above ₹920 with volume could signal further upside, while a pullback to ₹875–₹885 offers a favorable entry. The stock remains in a bullish trend with short-term consolidation near resistance.

Let me know if you’d like a comparison with other infrastructure or pipe manufacturing stocks like Jindal SAW or Ratnamani Metals!

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