Welspun Corp Ltd – Technical & Fundamental View

Welspun Corp Ltd – Technical & Fundamental View
Timeframe: Daily
The stock has witnessed a sharp rejection from the recent top, followed by a strong corrective move, indicating profit booking at higher levels. Price is currently trading below the 20-DMA and middle Bollinger Band, reflecting short-term weakness.
Despite the correction, the stock is approaching a major demand & trendline support zone, where some stabilization can be expected.
🔑 Key Technical Levels
Immediate Resistance: ₹840 – ₹860
Major Resistance: ₹900 – ₹920
Support Zone: ₹800 – ₹780
Critical Support: ₹760
📉 Technical Outlook
As long as the stock trades below ₹860, upside will remain restricted.

Sustainable move above ₹860–880 with volume can trigger a pullback rally towards ₹900+.

Breakdown below ₹780 may invite further downside towards ₹760.

📌 Fundamental View
Welspun Corp has strong order book visibility and long-term infrastructure exposure, keeping the long-term structure intact.

⚠️ Educational view only.
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