WELSPUNIND showing sign of reversal very close to support on day chart. Note : for educational purpose only.
about company • 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.
This is based on my research. Potential upside due to Long buildup after strong Short covering zone.
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.
Based on my research, Welspun Ind seems to be in Long build up zone after a strong consolidation of Short covering.
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,...
Open chart for detailed analysis Add @CMP SL @145 for prescribed targets FOLLOW FOR MORE IDEAS LIKE AND COMMENT WHAT YOU THINK ABOUT IT
Entry: 145-150 Target: 170 SL: 130 (Weekly Closing Basis)
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. Happy Trading.
Welspun may have started its reversal journey, however you need to be cautious and trade with strict stop loss as Global markets are down due to the new covid variant.
Rising Momentum on every Dip Taking Support at every resistance If it holds the current area then a big move is expected soon
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. Happy Trading! InvestPro India Team
Clear Bullish Break Out High Volume Can add some here Some more at pullback (Hourly) Bullish until 138 is not taken out Tgts near 200
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.
NSE:WELSPUNIND 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 IND - Buy at current level 141 Will get to see new Highs - Long term Holding only