Breakout and retest done. Can be considered for a pullback trade. Please consult your advisor before buying / selling. I am not a SEBI registered investment advisor
Riding the parallel channel, it repeats a 3 VCP pattern to move higher and the stock is ripe for yet another move. Just basic price action analysis. Nothing much to add from indicators.
Look fresh in range 75-80 for upside 90-99 med term with SL 65..!!!
Cup & Handle CMP: 79.55 Stoploss: Below 62 WCB Pattern Target: 138
Disclaimer :- This is not any buy or sell recommendation. This is just my view on this counter. Kindly consult with your financial or investment advisor before investing. Thank You !! There is a breakout generated in WELENT with good volume support. Next Levels as Below :- 1st Resistance :- 140.00 2nd Resistance :- 175.00 3rd Resistance :- 195.00 Support...
Buy welspun above 126 for the taarget price of 145 with the SL of 119. Good trade . This is for your educational purpose only.
It looks ready for levels of 190-200. Upmove will be intact till the time 119 is maintained on daily closing basis.
ANOTHER IDEA FROM CONTRACTION AND ACCUMULATION, THIS STOCK ABOVE 120 CAN SHOW 150 LEVELS NO IDEA OF FUNDAMENTALS BUT TECHNICALLY A DARVAS BOX FORMATION
WELENT has been rising the past week on account of its dividend issuance. The Ex-Dividend day is on 11-06-2020 i.e Thursday. Prices usually tend to correct themselves on this day. Look to SHORT below 69.6 which is just below a resistance zone. TGT1: 68.65 TGT2: 67.65 NOTE: Trade with confirmation of momentum & volume on lower timeframes in intraday.
looks good for the dips , 196-194 good buy , further upmove to 230/250/280
welspun enterprise is formed as cup and you can also see a BIG CUP pattern from 2007 to 2017 data
Based on the triangle break out Welspun target looks to be 92. Also 92 looks to be the immediate resistance point since it was the previous peak
Based on the triangle break out at 72.6, Welspun should touch to 92 ..... Also the previous peak is at 92 which acts as an immediate resistance zone
Shorts if suits your plan & purse err...Risk !