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
In coming weeks
Nifty Small Cap 100 may make new ATH above 9656.
From here a swift Potential Rally of 15% ahead till 10044.
Golden Cross Formation on WCB >> Very Bullish Signal
Watchlist to participate in Rally
It is on a verge to a rally unless 219 breaks on the below.
First target is 330 and then 490
Divd yield is 3.72%
Promoter holding 53.5%
Debt/ equity - 0.91
Pledged percentage - 0%
It is a good fundamental pick with comparitively cheap price compared to peers. Technically it is showing a rebound from its lows.
Due to increasing demand of economy recovery there...
After resistance breakout from 240 level the stock showed consolidation and then continued uptrend breaking further resistance levels of 280. After a irregular retest wick rejection has been shown from support and the stock now plans to continue its trend.