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Wave -5 Breakout in Welspun Living..

Long
WELSPUN LIVING (NSE:WELSPUNLIV)  
Breakoutmasters  
NSE:WELSPUNLIV   WELSPUN LIVING
Rectangle Elliott Wave Fibonacci stocktrading tradeideaseducator longsetup stockmarketindia sharemarket-training-india
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rectangle elliottwaves fibonacci stocktrading tradeideaseducator longsetup stockmarketindia sharemarket-training-india
1. Wave 4 as per EW Theory seems to be in progress. The price actions seems ready to breakout for Wave 5 and a potential 35% upmove. Wave 4 has retraced almost 38% and rise in Volume in last few week shows that wave 5 is just about to begin.
2. Breakout from the rectangular box above 170 can potential take the price to 225-235 range i.e. ~ 35% up from here.

Current Market Price - 161. Stop LOSS LEVEL - 145.
*NOT A TRADE RECOMMENDATION. ONLY FOR EDUCATIONAL PURPOSE.*
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