• Welspun India Ltd (WIL), part of the $2.7 billion Welspun Group, is a global leader in Home Textiles, supplying to marquee global retail and hospitality brands. Our state-of-the art manufacturing facilities in India produce globally benchmarked products, driven by our differentiation strategy based on Branding, Innovation and Sustainability
Wait for the price consolidation to break above 158.
Breakout above 171 may trigger upward momentum.
To be cautious if price falls below support zone of 132 and 126.
Note: Chart analysis for educational purpose, not a recommendation for buy or sell.
As per the 2 Hour Chart of WELSPUN INDIA LIMITED, we have witnessed a Formation of “Hammer” on the chart.
Therefore, we are expecting a bullish momentum in WELSPUNIND in the upcoming trading sessions. Wherein it is being expected to face a resistance initially at around the levels of 151.60, 152.85, and 154.30. Whereas, on the other hand, on the downside levels,...
The chart is self-explanatory. The stock has shown a comeback with good volumes. For safe entry, we can wait to buy around 130 if retraces.
Only for learning and sharing purposes. Not a bit of trading advice.
Welspun India looks good buy at 155 - 150 levels for the marked targets on the chart in the short term.
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InvestPro India Team
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...
Welspun india has given a strong breakout of a double top pattern. the volumes have been good. You can buy in small quantities now or accumulate more when it retests, but keep this stock in focus. Hold for long term.
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.