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Stock analysis Welspun Corp Limited WELCORP

More indepth analysis on MunafaSutra.com

Moving Averages for Welspun Corp Limited

  • 5Day Average: 716.51
  • 12Day Average: 714.3
  • 20Day Average: 711.25
  • 50Day Average: 706.24
  • 100Day Average: 666.47
  • 150Day Average: 634.34
  • 200Day Average: 613.66

WELCORP Indicators & signals

Indicator MACD (12,26,9)

714.1, 710.57, 3.23
Indicator MACD is in positive zone

Indicator ADX (14)

8.73, 17.5, 20.85
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 48
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
30 Wed Oct 2024 719.15 709.25 to 728.20 -1.19% 0.61 times
29 Tue Oct 2024 727.80 702.75 to 730.00 1.25% 0.32 times
28 Mon Oct 2024 718.80 690.00 to 722.95 3.03% 0.49 times
25 Fri Oct 2024 697.65 686.30 to 723.05 -2.99% 2.18 times
24 Thu Oct 2024 719.15 711.00 to 739.00 0.93% 0.83 times
23 Wed Oct 2024 712.50 668.00 to 719.75 4.62% 1.23 times
22 Tue Oct 2024 681.05 673.25 to 717.50 -4.52% 1.26 times
21 Mon Oct 2024 713.30 703.30 to 720.20 -0.22% 1.07 times
18 Fri Oct 2024 714.85 705.50 to 723.70 -2.1% 0.66 times
17 Thu Oct 2024 730.15 718.60 to 734.00 1.18% 1.49 times
16 Wed Oct 2024 721.65 708.00 to 725.45 0.86% 0.47 times
15 Tue Oct 2024 715.50 706.45 to 719.10 0.5% 0.54 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, but it crossed this line recently, which means that it could show a small or a large fall soon enough depending on its trend.

My analysis of Welspun Corp Limited is bullish for shortterm, and stock might move up till 726.2 or till 742.9. Use a stoploss of 712.22 and if this stock hits its stoploss, then it can fall down till 698.26

More indepth analysis on MunafaSutra.com