#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...
#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...
Stock 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...
Double 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...
> Forming an inverted H&S pattern
> breakout above 110 , price may go up to 150. as per classical chart pattern target.
> only for learning, trade at your own risk.
Welent Long (14 Jan)
Strong resistance breakout with above average volume at weekly closing
Buy at CMP- 102.2
SL- 97
Target- 110, 114, 118
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Disclaimer- We are not SEBI registered advisor.
Charts and views are only for educational purpose.
