Welspun Corp Ltd – Recovery from Demand Zone | Reversal Attempt (Daily Chart)

📊 Welspun Corp Ltd – Recovery from Demand Zone | Reversal Attempt (Daily Chart) The stock has taken support near the ₹740–₹755 demand zone and is showing signs of short-term recovery after a prolonged correction. 🔎 Technical Observations: Strong bounce from ₹740 support area Formation of higher low on short-term basis Price attempting to reclaim 20 EMA Trading near mid Bollinger Band RSI recovering toward 55–60 zone Momentum indicator turning positive Volume pickup near reversal candles 🔑 Key Levels to Watch: Immediate Resistance: ₹835–₹850 Major Resistance: ₹895–₹920 Immediate Support: ₹790 Major Support: ₹753–₹740 📈 Bullish Scenario: Sustained move above ₹850 can trigger momentum towards: ₹895 ₹920 ₹960+ (extended target zone) ⚠️ Bearish Scenario: Breakdown below ₹790 may lead to retest of ₹755–₹740 support zone. Stock is in recovery mode — confirmation needed above key resistance. ⚠️ For educational purposes only. Not a buy/sell recommendation. — AALGO BREATHS