The short-term outlook is bullish for Welspun Corp. The stock has been moving up well for more than two weeks now. The 2 per cent rise on Tuesday has taken the share price well above the 200-Day Moving Average (DMA). Immediate support is at ₹867. Below that, ₹850, the 200-DMA is the next important support. Moving average crossovers on the daily chart also strengthens the bullish case. Welspun Corp share price can rise to ₹960 and even ₹990 in the coming weeks.
Traders can buy Welspun Corp shares now at ₹879. Accumulate on dips at ₹868. Keep the stop-loss at ₹822 initially. Trail the stop-loss up to ₹886 as soon as the stock goes up to ₹898. Revise the stop-loss higher to ₹910 and ₹945 when the price touches ₹940 and ₹960 respectively. Exit the long positions at ₹980.
Video Credit: Businessline
(Note: The recommendations are based on technical analysis. There is risk of loss in trading.)
Published on April 8, 2026