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Welpun India - CMP: 93 - Rounding Bottom Breakout

Long
NSE:WELSPUNIND   WELSPUN INDIA
It has given Rounding Bottom pattern breakout on the weekly chart. Increasing in delivery volume also indicated price movement expected ahead. RSI also indicates a continuation of the uptrend. We can expect price movement up 123 in the near term. Also holding long can reward price with a target of 135 in the Mid-Term.

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