Added for long term portfolio.
Having reputed customers like customers like GAP, Walmart, JCPenny, Adidas, H&M, Mark Spencer, Sanmar, Puma, Old Navy
Past 3 quarters have been good.
This qtr nearly doubled.
Although, Today and prev trade day candle have shown too much strech, hence, better to add light position.
16 Yr Long Rounding Bottom Pattern or CUP Pattern Formation in Monthly Charts
Stock near Resistance Zone
Consistent Buying Volume & Strong Momentum
Once Breakout above resistance zone on Monthly Closing Basis
Tgt : 610 - 751- 981
However, using Fibonacci Tgt is upto 1700
SL : 315
GOKEX is major exporter and rising export demand for textile is good...
1. Stock making New 52 High.
2. Stock breaking out 3yr High.
3. Stock consolidated for 4 months before breaking 3 yr High.
4. FII/FPI have increased holdings from 4.39% to 5.84% in Dec 2021 qtr.
5. Mutual Funds have increased holdings from 16.47% to 16.68% in Dec 2021 qtr.
Fibonacci based targets: 775 , 855 , 1005
Stop loss : Below 565 (closing basis)
Stock monthly uptrend
MACD positive cross over
rsi above 60
ema positive cross over
target is 178
stop loss 152
this video is for educational purposes only disclaimer not for any investing advice
In this self explanatory series I will be posting charts with pure technical analysis only without full length explanations , Traders can ask their doubts in comments section, Happy trading.
Disclaimer : This idea was to just give you an insight about my own view and personal observations. Please do your own research or consult an investment advisor before doing...
Welspun India technicals and Fundamentals looks good on both fronts, and the company can see subsequent growth in revenues in near future bcoz of govt supporting policies to textile industries as well as ease in covid restrictions will directly benefit Welspun, as it's a good chunk of revenue, comes from Hospitality Industry.
I have mentioned the Target Price of...