Expecting a Bullish Move in WELSPUNIND

As per the 2 Hour Chart of WELSPUN INDIA LIMITED, we have witnessed a Formation of “Hammer” on the chart.

Therefore, we are expecting a bullish momentum in WELSPUNIND in the upcoming trading sessions. Wherein it is being expected to face a resistance initially at around the levels of 151.60, 152.85, and 154.30. Whereas, on the other hand, on the downside levels, the stock may face a support at the level of 147.15, on closing basis.
Closing Price (as on 11.01.22) : 148.90


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Comment:

WELSPUNIND has successfully reached its predicted 1st level of Resistance, reflecting an upmove of 1.81% approx.

Comment:

WELSPUNIND has successfully reached its predicted 2nd level of Resistance today, reflecting an upmove of 2.65% approx.

Comment:

WELSPUNIND has successfully reached its final predicted level of Resistance today, reflecting an upmove of 3.63% approx.