Welspun- BO above 5 yr Resistance, Can Rally 60%NSE:WELSPUNIND
Multi-Year Breakout above 5 Year Resistance of 89
Huge Gap in Weekly Charts filled after 5 years and 3rd Breakout Attempt
Short Term Tgt : 103 - 113 - 121
Time Frame : 1- 3 Months
Long Term Tgt : 160
Time Frame : 3 - 12 Months
R:R - 1:5
SL : 76
Golden Cross Over & +ve RSI Divergence
WELSPUNIND
WELSPUN POSSIBLE REVERSALWelspun 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.
Wespun India - BullishRising Momentum on every Dip
Taking Support at every resistance
If it holds the current area then a big move is expected soon
[SHORT-TERM STOCK] BUY WELSPUNWelspun India looks good buy at 155 - 150 levels for the marked targets on the chart in the short term.
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Wellspun Ind - Vcp BreakoutClear 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 RESISTANCE AND TRENDLINE BREAKOUTWelspun 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 stock as per Fibonacci levels and P/E of a stock.
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WELSPUN INDIA-BREAKOUT TRADEWelspun 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.
WELSPUN INDIA 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 - BuyWELSPUN IND - Buy at current level 141
Will get to see new Highs - Long term Holding only
Welspun India - LongWelspun India - Long
Buy : ₹ 106 - ₹ 102.85
Target: ₹ 110, ₹ 115, ₹119.60
Support: ₹ 96.30 , ₹ 102.85
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Welspun India Breakout is imminenetPositional Trade: Welspun India is on the verge of a breakout.
Buy for the targets of 110 and 115.
WELSPUNIND: VCP PATTERN FORMATION
NSE:WELSPUNIND
Levels mentioned in Chart.
Note: Not a SEBI Registered analyst.
Trade at your own discretion.
#USHAMART CMP 36.55 Target 85++ Double in months $INVEST $TRADE #USHAMART
CMP 36.55
Target 55+ // 85+
Invest & hold
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NSE: USHAMART
INVERTED HEAD & SHOULDER PATTERN tested & then breaksout!
Super Bullish on this stock.
From Rachit Sethia with 💚
Welpun India - CMP: 93 - Rounding Bottom BreakoutIt has given Rounding Bottom pattern breakout on the weekly chart. Increasing in delivery volume also indicated price movement expected ahead. RSI also indicates a continuation of the uptrend. We can expect price movement up 123 in the near term. Also holding long can reward price with a target of 135 in the Mid-Term.
WELSPUN India - Short Term IdeaVERY GOOD BREAKOUT ON FRIDAY..
Stock came down with market..
Thinking of entering the Stock at opening only on monday..
Volumes were High on Friday..
Can do well in Short Term for 10-20% returns..
Can also touch 120..
Fundamentally Good Company too.. Results are far better than previous years.. Debt is Reducing..
Promoters Increased stake by 1.11% in last 6 months
WELSPUN INDIA TARGET UPDATE 18-3-2021Look fresh in range 75-80 for upside 90-99 med term with SL 65..!!!
Positional trade: resistance and Flag bo with volume Buy above 82 target -97, 113,138
Sl below 62
for swing stoploss 75
WELSPUNINDWELSPUNIND (Daily):-Retest Range 74/79 & Pattern Target 90/100++, Pattern Invalid Below 69 (DCB)
Retest and approaching resistencekeep this on the watchlist .. with a spike in volume this can go further for BO.
chart analysis should be simple and clear, never force yourself to find patterns and opportunities.
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Disclaimer: for education purposes only.
