Welspun- BO above 5 yr Resistance, Can Rally 60%
Updated
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
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: 103-113-121CMP: 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
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