"WELCORP: 4-day power rally + ₹20K Cr order book = ₹970 blast! Infra king ready skyrocket!

Detailed Technical Analysis

WELCORP daily chart displays 4-day rally from ~₹775 to ₹895+ with strong green candles, higher highs/lows, and price breakout above 20/50 SMA (₹818/803) forming bullish ascending channel; MACD (12.6 bullish) + signal crossover confirms momentum, RSI 61.79 neutral >60 poised, STOCH 66 neutral from overbought. Support ₹870-880 (recent pullback + VWAP), resistance ₹910-930 (prior high + 61.8% Fib); ADX 16 weak but rising, volume surge validates uptrend, targets ₹950-970 if >₹900 hold. Company Business & Future Outcomes Welspun Corp manufactures LSAW pipes for oil/gas (onshore/offshore), HSAW pipes, coating solutions; key clients ONGC, BPCL, global exports 50%+. Future: Revenue growth 20% p.a. forecast (Infra boom, Green Hydrogen pipes), earnings 9%, ROE 18.6%; export expansion + capacity utilization 85% drives multibagger potential to ₹1,100+ in 2 yrs. Micro & Macro Events Micro: Q4 results ~26-Aug-2025, expect EPS ₹11.8-13 (beat potential), dividend likely. Macro: RBI policy liquidity favors infra capex; PLI steel/pipes, Gati Shakti projects tailwind; oil price stability aids. Global Cues & Impact Oil steady $70-75/bbl positive for pipe demand; Middle East tensions risk supply chain but exports resilient (US/EU focus). War minimal direct hit, business domestic/export diversified.