Welspun Enterprises - Breakout Setup, Move is ON...#WELENT trading above Resistance of 583
Next Resistance is at 692
Support is at 443
Here are previous charts:
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
WELENT
Welspun Enterprises - Breakout Setup, Move is ON...#WELENT trading above Resistance of 477
Next Resistance is at 583
Support is at 366
Here are previous charts:
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
WELENT - Ichimoku Breakout📈 Stock Name - Welspun Enterprises Limited
🌐 Ichimoku Cloud Setup:
1️⃣ Today's close is above the Conversion Line.
2️⃣ Future Kumo is Turning Bullish.
3️⃣ Chikou span is slanting upwards.
All these parameters are shouting BULLISH at the Current Market Price and even more bullishness anticipated AFTER crossing 517.
🚨Disclaimer: This is not a Buy or Sell recommendation. It's for educational purposes and a guiding light to learn trading in the market.
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Welspun Enterprises - Long Setup, Move is ON...#WELENT trading above Resistance of 307
Next Resistance is at 477
Support is at 203
Here are previous charts:
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
Welspun Enterprises - Long Setup, Move is ON...#WELENT trading above Resistance of 203
Next Resistance is at 307
Support is at 166
Here is previous chart:
Chart is self explanatory. Entry, Resistances and Support are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
WELENT - Ichimoku BreakoutStock Name - Welspun Enterprises Limited
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 260
#This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market.
#CloudTrading
#IchimokuCloud
#IchimokuFollowers
#Ichimokuexpert
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Welent looks goodDouble Bottom pattern is formed in Welent. A bullish reversal pattern that is formed when the price reaches two distinct lows, or bottoms, at approximately the same price level. This is usually a sign that the selling pressure has been exhausted, and buyers are starting to take control.
The volume tends to decrease as the pattern forms, which is an indication that there is less selling pressure in the market. However, there may be a slight increase in volume at each low as some traders may try to buy at what they perceive to be a bargain price.
The confirmation of the Double Bottom pattern occurs when the price breaks above the highest high between the two bottoms. This is often accompanied by an increase in volume, indicating that there is a renewed buying interest in the market.
Overall, the Double Bottom pattern is a popular chart pattern among traders and can be a useful tool for identifying potential buying opportunities. However, like all technical analysis tools, it should be used in conjunction with other indicators and not relied upon solely for making trading decisions.
Note for everyone who came across this study:
This chart is only for educational purpose.
This is not buying or selling recommendations.
I am not SEBI registered.
Please consult your financial advisor before taking any trade.