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Stock analysis Welspun Corp Limited WELCORP

More indepth analysis on MunafaSutra.com

Moving Averages for Welspun Corp Limited

  • 5Day Average: 597.55
  • 12Day Average: 589.8
  • 20Day Average: 578.78
  • 50Day Average: 555.66
  • 100Day Average: 557.76
  • 150Day Average: 534.77
  • 200Day Average: 488.81

WELCORP Indicators & signals

Indicator MACD (12,26,9)

588.59, 576.96, 9.67
Indicator MACD is in positive zone

Indicator ADX (14)

24.93, 28.98, 17.41
Indicator ADX is indicating that momentum is weak.
Indicator ADX is showing that momentum is towards buying

Indicator RSI (14)

Current RSI is: 51
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of WELCORP Welspun Corp Limited are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
17 Fri May 2024 609.80 598.15 to 618.55 1.3% 1.27 times
16 Thu May 2024 601.95 594.00 to 610.00 0.5% 0.63 times
15 Wed May 2024 598.95 592.10 to 609.00 0.94% 0.83 times
14 Tue May 2024 593.40 580.85 to 597.15 1.67% 0.57 times
13 Mon May 2024 583.65 561.80 to 587.70 5.13% 1.35 times
10 Fri May 2024 555.15 537.00 to 571.65 -3.27% 1.08 times
09 Thu May 2024 573.90 568.00 to 599.90 -2.8% 0.64 times
08 Wed May 2024 590.45 570.55 to 595.00 1.54% 0.64 times
07 Tue May 2024 581.50 567.30 to 587.65 -0.24% 1.37 times
06 Mon May 2024 582.90 572.50 to 605.00 -2.96% 0.91 times
03 Fri May 2024 600.70 580.40 to 614.40 -0.74% 1.99 times
02 Thu May 2024 605.20 565.00 to 608.70 7.24% 4.36 times

Technical analysis forecast of Welspun Corp Limited Stock is that its in a uptrend for shortterm, and I will avoid taking a SHORT or SELL trade in this stock. Look for opportunities to BUY or go LONG in Welspun Corp Limited WELCORP at this time. Stock is rising and might rise more.

It appears as if Welspun Corp Limited WELCORP gave a large move recently.

Stock of Welspun Corp Limited (WELCORP) is trading above an important moving average line, and it has been above this line for quite some time now. This is a good sign, and the stock might keep rising and move higher!

My analysis of Welspun Corp Limited is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if Welspun Corp Limited stays above 601.3, but if it comes below 601.3, then a intra day sell could be more profitable.
If you take a sell trade below 601.3, then use 601.3 as stoploss and 581.29 as target. However if you take a buy trade in Welspun Corp Limited, then use 601.3 as stoploss and 625.4 as target.

More indepth analysis on MunafaSutra.com