Analysis mentioned over chart Good above 126 level for intraday
Welcorp has seen a major rise in volume and witnessed highest volumne in the last 1.5 years, along with the rise in volume, the price is rising significantly, and that is what indicates involvement of smart money, entering the trend chhannel it is supposed to give stunning returns.
Welcorp is trading within ascending wedge .. but recently broke above a long time resistance/support band with huge volumes.. It came down today and tested the support.. I think there is finally momentum to push till 175-180... Keep an eye out Should also be a good time to enter for a short term 15% profit.. (Keep SL under 144) DISCLAIMER: Only for educational...
WELCORP EQUITY levels ...25/05/2021 (D candle)
Please read this completely before investing. Past Behaviour: WELCORP had consolidated between 123 and 101 for a long time before breaking out to 145 odd levels. The swing low before the breakout commenced an uptrend that is more aggressive than the one started in June 2020. Analysis The stock is consolidating above the previous consolidating levels and is...
buy above 134 for target of 146-148
wait for range breakout buy above 121 Target 140-145++ exit if closes below 118
WELCORP is in great value range i.e. below 69.45 till 51 slippage below 51 seems to be very difficult bt not ruled our - considering it is now trading with 5% circuit band with low volumes can help restrict further price erosion NOTE: One should consult their financial advisor before making any decision to buy or sell equities