I would exit stock if I was holding it and reenter after correction.
Disclaimer: This analysis is solely for educational purposes and does not make me a SEBI registered analyst.
If you found this analysis helpful, I encourage you to like and share it. Your observations and comments are also welcomed below. Your support, likes, follows, and comments motivate me...
Welspun India has been forming a rectangle pattern for a year. It broke out recently, went up, and then retraced to its old resistance. This is a good chance for me because that resistance could now become support. The company's earnings and sales have been impressive, making it a promising option for a swing trade.
We can target a 12% gain from the current level...
Welspun Corp is a globally recognized leader in the manufacturing and supply of large-diameter pipes for the oil and gas industry.
The company specializes in producing high-quality line pipes, including submerged arc welded (SAW) and helical submerged arc welded (HSAW) pipes.
Welspun Corp has a strong global presence, with manufacturing facilities and sales...
Welspun is the good one the from textiles ,This stock as per my knowledge and technically give good results in short term and long run also.
technical reason: in weekly time frame take a support from 0.618 (122) fib retracement, in daily time frame take support with trendline and form the good demand zone 122-116,
fundamental: this one fundamentally also good and...
Welspun India looks good buy at 155 - 150 levels for the marked targets on the chart in the short term.
To motivate me, Please like the idea If you agree with the analysis.
InvestPro India Team
Alert: Overbought Zone
We might see a slight fall can buy on Dips - strong support 143 level
1st Target: 162
2nd Target: 165
Since its broken its all time high - We need to wait and see if its a false alert
Welspun India technicals and Fundamentals looks good on both fronts, and the company can see subsequent growth in revenues in near future bcoz of govt supporting policies to textile industries as well as ease in covid restrictions will directly benefit Welspun, as it's a good chunk of revenue, comes from Hospitality Industry.
I have mentioned the Target Price of...
Market already take support on the support line itself and showing green candle which is clear indication of taking a position of long. Profit target will be 169 to 170 rupees and stop loss order you can put on 119 rupees.
Welspun India - Long
Buy : ₹ 106 - ₹ 102.85
Target: ₹ 110, ₹ 115, ₹119.60
Support: ₹ 96.30 , ₹ 102.85
Invest and Trade Wisely! Good Luck!
You can also see my other stock analysis and the results in my profile ideas. Please follow me , If you would like to see more ideas on winning stocks.
I am NOT a SEBI registered consultant/Advisor....
Riding the Parallel Channel , it is close to the bottom of the channel where a reversal is expected.
Support of 50 MA just under it.
Expected : MACD crossover and RSI breakout and Price breakout.
Apart from this Crude oil chart is expected to give a massive breakout.
Welspun Corp has taken support on lower trend line on the weekly charts. Buying could be initiated in 133-136 zone. It is still trading in a channel. First Target would be 165 (approx 20 percent from current levels) . A weekly close above 165 could take the stock to 185/199 levels.
Simple Price Action Analysis.
Travelling in a channel.
Breakout after a consolidation forming a base however there was a rejection from the top as well.
Since the price is above the Ichimoku Cloud, it is safer to enter only when it closes above 458.