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. ...
WEBELSOLAR 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.
Looking for a pullback to enter Since overall market is bearish....let the market stabilize. It might take some days for the pullback to complete.
1. All time high 2. Volume interest 3. Resistance Breakout 4. Showing strength against market weakness
WEBELSOLAR (W):- 97.85 CMP, Looks good for more upsides :)
Detailed analysis given on the chart NSE:WEBELSOLAR
below 70 it can slip to 63- 59. upward only above weekly closing of 70
topped out at 1.27 fibonacci extented level of 78.65. support at 69-70, 63-62 target 1 112-116 target 2 141-146 target 3 176-181 (ROUNDING PATTERN FORMATION ) MULTI YEAR BREAK OUT ABOVE 116.