WELSPUN CORP LTD (WELCORP) LOOKING GOOD Breakout Stock WELSPUN Corp Ltd.
EOD Closing above 670 is good.
Volume is greater than previous session.
Price above 50-100-200 EMA.
RSI also Bullish.
Price above Upper BB.
Welspuncorp
Momentum Trading Picks: Welspun Corp & Himadri Speciality Chemic
Price went through a significant consolidation after a big rally.
Volume completely dried up during the consolidation phase.
Price recently broke out strongly, surpassing its resistance area.
Rising volume suggests buyers are becoming more interested in this stock.
A bullish MACD crossover confirms the strong momentum in price.
The price created a symmetrical triangle shape and stayed stable for a while.
There was no trading volume during this time.
Following the breakout, the price stabilized above the breakout point and then retraced.
After a successful retracement, the price is now moving upwards with significant trading volume.
A bullish MACD crossover confirms the strong momentum in price.
WELSPUN CORP - Swing Trade Analysis - 26th June #stocksWELSPUN CORP (1W TF) - Swing Trade Analysis given on 26th June, 2024
Pattern: REVERSAL FROM WEEKLY SUPPORT ZONE
- Consolidation & Pullback at Weekly Support Zone - Done ✓
- Strong Volume Buildup at Weekly Support Zone - Done ✓
- Demand Zone Retest - In Progress
* Disclaimer
Welscorp Multiyear Breakout Sustaining above 540Welscorp Multiyear Breakout Sustaining above 540
Potential 3/4x Supports 540 Nearby Zone
Pipe Industry Huge Potential Going Ahead - Infra / OIL / Construction- Real Estate etc many more
WELSPUNIND | Small Correction PossibleI 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.
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BREAKOUT IN WELSPUN CORPBUY - WELSPUN CORP LTD
CMP - Rs. 220
Target - 1: Rs. 253
Target - 2: Rs. 295
Target - 3: Rs. 320
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Technicals -
1) Bullish Flag BO
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Welspun forming a cup & handle patternWelcorp has beautifully formed a cup and handle pattern in weekly time frame.
Currently, stock is trading at the neckline.
Be cautious in this stock as there can be multiple stoploss hunting before genuine breakout.
Targets can be minimum 100 points from CMP for positional and long term perspective.
Welspun Corp#WelspunCorp one of the largest pipe manufacturer
CMP 280 trading ATH. Seems ready for new zone.
Long term pick
WELCORP (WELSPUN CORP LIMITED) - SMALL CAP📊 Script: WELCORP (WELSPUN CORP LIMITED)
📊 Nifty50 Stock: NO
📊 Sectoral Index: NIFTY INFRASTRUCTURE / NIFTY 500 / NIFTY SMALLCAP / NIFTY METAL
📊 Sector: Capital Goods
📊 Industry: Industrial Products
Key highlights: 💡⚡
📈 Script is trading at middle band of Bollinger band (BB) and taking support of middle band which is SMA20.
📈 Already crossover in MACD .
📈 Crossover in Double Moving Averages.
📈 Right now RSI is around 60.
📈 Todays volume is higher then previous trading session so we can say it is volume Breakout.
📈 One can go for Swing Trade.
⏱️ C.M.P 📑💰- 233.70
🟢 Target 🎯🏆 - 250
⚠️ Stoploss ☠️🚫 - 223
⚠️ Important: Always maintain your Risk & Reward Ratio.
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Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
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Good risk-to-rewardChart -> Welspun Corp Daily
The stock has given a close above a resisting trendline and now looks good to test an all-time high again.
The risk-to-reward ratio looks attractive.
CMP: 224
Target: 247
SL: Daily close below 217
Disclaimer: This is for educational purposes only, not any recommendations to buy or sell. As I am not SEBI registered, please consult your financial advisor before taking any action.
#StockMarket #StockIdeas #StocktoWatch #StockToBuy #positionalWELSPUN CORP LTD
Trading at Resistance level, buy above 165 levels for short term targets of 172.
Or also looks chart could be form Cup & handle pattern,
for Ultimate targets of 178-185 levels, mid term view.
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Note:
Above levels are for education purposes only
Do your own analysis before taking any trade
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WELENT - Swing Trade WELENT
Buy-Above 102
Sl-90
T- 125 135 150+
The stock has good Risk And Reward.
This is a short term to mid term holding.
[SHORT-TERM STOCK] BUY WELSPUNWelspun 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.
Happy Trading!
InvestPro India Team
WELSPUN CORP: GOOD LONG TERM PORTFOLIOWELSPUN LOOKING GOOD WITH ENTRY BTN 145-147, SL 133, TARGET 190-200
GOOD FOR LONG TERM PORTFOLIO (2-3 YRS)
WELSPAN CORP LTDSymmetrical triangle pattern generated in WELSPAN CORP LTD.
Buy above 150
Targets 200-220
Note that this analysis is only for educational purposes, Feel free to give your views on my analysis
WELSPUN CORP-Crude Oil Rise BeneficiaryRiding 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 - Medium term investment viewWelspun 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.
Welspun Corp - Breakout Retest doneBreakout 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
WELSPUN CORP - Tale of 3 VCP'sRiding 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.
