Welcorp, Long above 120 for target of 165-180 Long

WELSPUN CORP LTDNSE

Description

⋅ Nov 24, 2020 4:36 AM

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

Trade active

⋅ Nov 24, 2020 4:37 AM

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

Comment

⋅ Nov 27, 2020 9:06 AM

Added more at 119.7 on 11/27

Comment

⋅ Dec 9, 2020 12:29 AM

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

Comment

⋅ Dec 15, 2020 11:17 AM

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.

Comment

⋅ Jan 16, 2021 5:07 AM

Gap at 145 is giving resistance. Book partially.

Fibonacci Rectangle

Comments

poprock

⋅ Dec 15, 2020 4:46 PM

no need for any stoploss today Promoter bought 27 lkh shares at 132/sh on NSE... now it will easily cross 200 too in coming weeks.... anyway thanks for the update.

poprock

⋅ Dec 9, 2020 5:28 AM

Rightly said, thanks for the update...

poprock

⋅ Nov 25, 2020 3:45 AM

Already taken large positions around 102-103 and my target is above 150