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Long
Updated

Welspun- BO above 5 yr Resistance, Can Rally 60%

600
NSE:WELSPUNIND

Multi-Year Breakout above 5 Year Resistance of 89
Huge Gap in Weekly Charts filled after 5 years and 3rd Breakout Attempt

Short Term Tgt : 103 - 113 - 121
Time Frame : 1- 3 Months

Long Term Tgt : 160
Time Frame : 3 - 12 Months

R:R - 1:5

SL : 76

Golden Cross Over & +ve RSI Divergence
Trade active
First Tgt : 103 achieved.
Trade active
Short Term Target: 103-113-121
CMP: 122
All Short Term Targets Achieved
Return: 36%
Time : Less Than 2 months

Book profits or Hold for Long Term Targets given in chart
Trade closed: target reached
Long Term Target of 160 was also achieved
manuvsingh
Also on:
chaukhambha_chartsFibonaccigoldencrossoverinfrastructureMoving AveragesmultiyearbreakoutniftysmallcaprallyrsidivergenceSupport and ResistanceweeklychartWELSPUNIND

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chaukhambha_chartsFibonaccigoldencrossoverinfrastructureMoving AveragesmultiyearbreakoutniftysmallcaprallyrsidivergenceSupport and ResistanceweeklychartWELSPUNIND
manuvsingh
Also on:

Related publications

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.