WELCORP - CLEAN BREAKOUT OUT OF DARVAS BOX

Hi All,

This idea is about Welspun Corp Ltd

FUNDAMENTALS

Mkt Cap - 17161 Cr
Mkt Cap/Sales - 0.99
P/E - 15.5
P/BV - 3
FCF - 1022 Cr
D/E - 0.35
Promoter increase thr stake by 0.18%
ROE - 21%
ROCE - 21.6%

Technicals

Price has been consolidating within a range of 25% and has now given a decisive breakout above the supply zone. There was a mid resistance as well which was broken with good volumes

Hope you have a profitable trade,

Thanks,
Stock-n-Shine