Logic-Simple weekly resistance breakout, retest and continuation.
Weekly closing above 910 will be a confirmation. 1000 will be immediate resistance.
A good investment stock for long term as well available at a fair valuation with more than 2% dividend yield. I am expecting similar rally as HDFC AMC in this stock but move would be slow.
Not a recommendation, just...
breakout from the box or sideways channel Best way to trade this time is with options you can buy Out of the money Calls for this trade and risky traders can buy at the money nifty is heading towards the 16300 marks but can go slowly. Keep watching the levels now 15910 will be the goos support area buy near support for great risk-reward ratio
WELCORP | Flag & Wedge formation - 52% potentially it can go up side
CMP : 100
SL : 92
Target : 150
Almost 1:6 risk reward setup
(P.S: Its a weekly chart, Small cap, Circuit range is 5% so plan your trade accordingly - Could take time upto Weeks to Months)
