WELSPUN CORP - Tale of 3 VCP's Long

WELSPUN CORP LTDNSE

Description

⋅ Apr 1, 2021 3:36 AM

Riding the parallel channel, it repeats a 3 VCP pattern to move higher and the stock is ripe for yet another move.
Just basic price action analysis. Nothing much to add from indicators.

Comments

gocovidgo

⋅ May 12, 2021 10:50 AM

Expecting 2 digit dividend this time.

CuriousChartist

⋅ May 13, 2021 4:32 AM

@gocovidgo, Hopefully the triangle being formed also gives a good price appreciation too.

km231985

⋅ May 8, 2021 4:39 PM

EXCELLENT SUPER OBSERVATION.THANK YOU VERY MUCH

CuriousChartist

⋅ May 9, 2021 5:23 AM

@km231985, They have a lot of orders in the pipeline. Should do well going ahead.

inteliigentrader

⋅ Apr 1, 2021 1:40 PM

Look out for tightness in range and volume drying. If this is fulfilled, price will head higher with extreme momentum. Great analysis!

CuriousChartist

⋅ Apr 3, 2021 5:43 AM

@inteliigentrader, Thank you. Looking forward to it.

pkumar290288

⋅ May 18, 2021 11:50 AM

Hi, I am learning technical patterns and I could see a diamond pattern breakout on the weekly chart. Can you confirm, I am not sure though.
Thanks :)

CuriousChartist

⋅ May 19, 2021 3:47 AM

@pkumar290288, I can't really see a breakout but I know what you r talking about. It isn't a clean diamond pattern. It is just following a channel.