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Welspun Special. (WELSPLSOL) — Technical Setup
₹43.34 +6.04% Strong Downtrend Volatility Expansion Strong bearish
Summary
Welspun Special. is in a strong downtrend on the daily chart. RSI(14) is 35.8, MACD is below its signal line, ADX reads 26 (trending). Volume in the latest session was 1.1× its 20-day average. Over three months it has underperformed the Nifty 50 by 11.3 percentage points. Nearest support is ₹39.87 and resistance ₹44.30. Its technical score is 11/100 (strong bearish).
🧮 How the 11/100 is built
Five components, 20 points each. Every rule is shown with the points it earned — the score describes the chart as it stands today; it is not a prediction.
- Close above 20-day EMA (-5.83)0/3
- 20-day EMA above 50-day EMA0/3
- 50-day EMA above 200-day EMA0/3
- Close above 200-day SMA0/3
- SuperTrend (10,3) pointing up0/3
- ADX ≥ 20 with +DI above −DI (trend has strength) (25.65)0/3
- Weekly trend up (above a rising 30-week average)0/2
- RSI(14) in the bullish zone (55-70 best) (35.78)0/6
- MACD line above its signal line0/4
- MACD line above zero (-2.83)0/3
- 12-day rate of change positive (-13.15)0/3
- Stochastic %K above %D2/2
- Outperforming the Nifty 50 over 3 months (-11.27)0/2
- On-balance volume rising over 20 sessions0/5
- Chaikin Money Flow (20) positive (-0.18)0/5
- More volume on up days than down days (20 sessions) (0.28)0/5
- Close above 20-day VWAP (-6.47)0/5
- Daily range (ATR%) contained — ≤2.5% scores full (6.07)0/6
- Price in the upper half of its Bollinger Bands (0.28)2/5
- Shallow drawdown from the 52-week high (-31.48)1/5
- Volatility contracting (20-day volatility below its 6-month median) (44.20)4/4
- Room to the next resistance (≥8% scores full) (2.22)1/5
- Support close below (a tight, definable stop) (8.02)1/5
- Broke above a 20-day high in the last 5 sessions0/5
- Within 5% of the 52-week high (-31.48)0/5
🧭 Regime: Strong Downtrend
Volatility Expansion — Bollinger width is in the 85th percentile of the last six months.
Suits: Avoid longs / trend-following shorts. A strong downtrend: rallies are usually sold. Long setups need a completed reversal pattern first.
Classified from ADX, the 20/50-day EMA stack and price's distance from the 50-day average; volatility from band-width and ATR expansion.
Opens the AI Backtester with the SuperTrend (10,3) rules for WELSPLSOL — supertrend (10,3) flips to an uptrend.
🕰️ Multi-timeframe
| Timeframe | Trend | RSI (14) | MACD hist. |
|---|---|---|---|
| Monthly | — | — | — |
| Weekly | — | — | — |
| Daily | ▼ Bearish | 35.78 | -0.41 |
Weekly: close vs a rising 30-week average (Weinstein). Monthly: close vs the 10-month average. Weekly SuperTrend: —, weekly ADX —.
📶 Volume & VWAP
VWAPs are computed from daily bars (typical price × volume), not intraday ticks.
💪 Relative strength
WELSPLSOL ÷ Nifty 50, rebased to 100 a year ago. Rising = outperforming.
🧱 Support & resistance
Clustered swing highs and lows from the last year; “touches” is how many swings formed the level.
| Level | Price | Distance | Touches |
|---|---|---|---|
| Resistance | ₹57.17 | +31.9% | 4 |
| Resistance | ₹50.53 | +16.6% | 2 |
| Resistance | ₹47.20 | +8.9% | 3 |
| Resistance | ₹44.30 | +2.2% | 1 |
| Close | ₹43.34 | — | |
| Support | ₹39.87 | −8.0% | 2 |
52-week range: ₹36.25 – ₹63.25 (-31.48% from the high).
🌀 Fibonacci
Measuring the down-swing from ₹63.25 (2026-06-18) to ₹39.53 (2026-10-23). Price has retraced 16.1% of it.
| Ratio | Price | Distance | |
|---|---|---|---|
| 23.6% retracement | ₹45.13 | +4.1% | nearest |
| 38.2% retracement | ₹48.59 | +12.1% | |
| 50.0% retracement | ₹51.39 | +18.6% | |
| 61.8% retracement | ₹54.19 | +25.0% | |
| 78.6% retracement | ₹58.17 | +34.2% | |
| 127.2% extension | ₹33.08 | -23.7% | |
| 161.8% extension | ₹24.87 | -42.6% | |
| 200.0% extension | ₹15.81 | -63.5% |
🕯️ Candlesticks (last 5 sessions)
- Tweezer Bottom 2026-11-02 bullish Strong · 70
- Inverted Hammer 2026-10-27 bullish Strong · 85
Quality combines the pattern's reliability with its context: prior trend, volume, a support/resistance level and RSI.
↗️ Divergences
- Stochastic %K bullish 2026-10-13 → 2026-10-23₹47.75 → ₹39.53
✅ Screens WELSPLSOL passes today
| Stock | Close | Chg | Score | Trend regime | RS rating (1-99) |
|---|---|---|---|---|---|
| RATNAVEERRatnaveer Precision Engineering Limited | ₹379.20 | +5.26% | 87 | Strong Uptrend | 98.00 |
| SHYAMMETLShyam Metalics and Energy Limited | ₹1,191.00 | +2.42% | 87 | Strong Uptrend | 89.00 |
| SGMARTSG Mart Limited | ₹878.90 | +2.63% | 85 | Strong Uptrend | 97.00 |
| IMPEXFERROImpex Ferro Tech Limited | ₹5.89 | -2.00% | 78 | Strong Uptrend | 99.00 |
| MAHASTEELMahamaya Steel Industries Limited | ₹1,452.20 | +4.88% | 77 | Strong Uptrend | 96.00 |
| MANAKCOATManaksia Coated Metals & Industries Limited | ₹148.17 | +5.68% | 76 | Uptrend | 81.00 |
| STEELCASSteelcast Limited | ₹364.40 | +4.70% | 73 | Uptrend | 92.00 |
| JSWSTEELJSW Steel Limited | ₹1,309.90 | +5.13% | 70 | Range | 74.00 |
| NELCASTNelcast Limited | ₹143.65 | +8.42% | 70 | Strong Uptrend | 84.00 |
| RKFORGERamkrishna Forgings Limited | ₹696.10 | +7.61% | 69 | Range | 82.00 |
⚠️ Educational technical analysis computed automatically from end-of-day NSE prices — not investment advice. Flash Finance is not SEBI-registered. Indicators describe what price has done; they do not predict what it will do. Verify levels on a live chart and manage risk before acting.
