YR 2022 Idea #136: Long on WEBELSOLAR This is a public swing trade idea and is only for Learning and observational purpose. Please understand your risk and take full responsibility of your actions. I might trail my stoploss after I get an entry but even if my original Stoploss hits, i exit the trade with pre-planned loss (risk). At target, I book usually 75% positions and trail stoploss for rest. Our objective to help anyone who wants to learn technical analysis using charts by demonstrating my real trade entries. You can post your queries in comment section here and we will try to answer them asap.
WEBELSOLAR
WEBELSOLAR CHANNEL BREAKOUTWEBELSOLAR gave a breakout with outstanding volume from a channel pattern after consolidating in it for a year.
Stock looks very bullish but may consolidate for some time before the next move up.
Could trade at 120-130 in the near future, especially if the broader market shows more strength in the coming weeks.