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. Till then, expect volatile movement with selling pressure on rises. 📌 Fundamental View Welspun Corp has strong order book visibility and long-term infrastructure exposure, keeping the long-term structure intact. However, short-term momentum is weak, and price action will remain technical-driven. ⚠️ Educational view only. Not a buy/sell recommendation. — AALGO BREATHS