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

manuvsingh Updated   

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


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