WELCORP - Technical Analysis

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

Technical Rating: 4.2

Here’s a detailed technical breakdown of WELCORP based on the data you provided and current market indicators

📊 Trend Analysis

Current Price: ₹925 is above both the 50 DMA (₹894) and 200 DMA (₹802), indicating a bullish trend.

52W Index at 82.2%: Suggests the stock is trading near its yearly high, showing strength.

Trend Status: Trending upward, but showing signs of short-term consolidation.

📈 Momentum Indicators

RSI (53.3): Neutral zone. No overbought/oversold signal. Suggests sideways movement.

MACD (-1.72): Negative crossover, indicating weakening momentum in the short term.

Volume Spike: Current volume (23.5L) is significantly higher than 1-week average (9.2L), hinting at accumulation or distribution.

📉 Support & Resistance Zones

Level Price (₹) Commentary

Support 1 894 Near 50 DMA, strong base

Support 2 802 200 DMA, long-term support

Resistance 1 955 Minor resistance zone

Resistance 2 995 52-week high, major ceiling

🎯 Entry & Exit Zones

Optimal Entry: ₹895–₹910 (near support, post pullback)

Exit Zone: ₹955–₹980 (before resistance zone)

📌 Chart Pattern Insights

No clear reversal pattern detected.

Price action suggests range-bound movement between ₹894–₹955.

Bollinger Bands likely tightening, indicating potential breakout soon.

🧠 Summary

Trend: Bullish with short-term consolidation

Momentum: Neutral to weakening

Volume: Elevated, watch for confirmation

Suggested Action: Wait for a dip near ₹900 for entry. Exit near ₹980 unless breakout occurs.

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