Welspun Corp breaks above ₹2,600 with strong volume Welspun Corp Limited (NSE: WELCORPEQ) closed at ₹2,660.10 on September 18, up 8.12%, with volume of about 46.3 lakh shares. The stock also moved above its first technical resistance zone. The technical structure has strengthened sharply. The stock is trading above its 20-day EMA of ₹2,441.66 and well above its 50-day EMA of ₹2,129.92. The 200-day EMA is at ₹1,470.47, keeping the broader trend positive. RSI(14) is 64.87, showing strong momentum without yet reaching an extreme reading on this indicator. Why it matters The September 18 move came with a substantial increase in volume. The stock closed near the upper end of the day's ₹2,472.60-₹2,678.70 range. This combination makes ₹2,600 an important area to monitor after the breakout.

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