Welcorp, Long above 120 for target of 165-180

Nov 24, 2020

Welcorp is in consolidation in 100-120 zone.

1. Buy near 100, Sell partially at 120 to play on range
2. Buy above 120 for a target of 165 (with 180, 200 to follow)

Stoploss: 95

Nov 24, 2020

Trade active

Entered at 110 in small quantity, Plan is to add more on breakout confirmation

Nov 27, 2020

Note

Added more at 119.7 on 11/27

Dec 9, 2020

Note

Stock taking minor resistance at 130. Down move not supported by volumes yet.

Dec 15, 2020

Note

Up ~30% from entry price. Another breakout with strong volumes, we should see 145 very soon. There is a gap there which may act as resistance.
Stoploss should be trailed to low for today 130.

Jan 16, 2021

Note

Gap at 145 is giving resistance. Book partially.