NSE:WEBELSOLAR Websol Energy System Limited is engaged in the business of manufacturing photovoltaic crystalline solar cells and related modules in India.
Must add for future watchlist
It's one of the solar panel manufacture in India
Right Now it's Risk Reward are not favorable. Wait for correction and for long term wait for the fundamental improvement
The stock is Broken it's very strong support/resistance level.
This is Multi Year Breakout
Keep a watch coming week on how the price moves. A strong day closing above 251 will be a good sign for positional.
This idea is for Educational Purpose Only.
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Faisal Merchant
I am not SEBI registered and all Ideas posted by me are for...
NSE:WEBELSOLAR
double trendline breakout on weekly chart
first at 97 and now at 110
30% to 40% gains can be targeted
cmp is 112.8
note: fundamentals are weak. so one conveniently ignore this
so let's observe how this one performs purely on technical base
This analysis is being done for educational and knowledge-sharing purposes.
This article does not offer...
This is a public swing trade idea and is only for Learning and observational purpose. Please understand your risk and take full responsibility of your actions. I might trail my stoploss after I get an entry but even if my original Stoploss hits, i exit the trade with pre-planned loss (risk). At target, I book usually 75% positions and trail stoploss for rest. ...
This chart came on my watch before 2 weeks @ 160. The stock has clear resistance at 140 and it has successfully broken it with higher volume. More importantly I loved the rounding bottom pattern it has created over the period of 4 years . This is the father of all the pattern and one can expect HUGE returns from these breakouts . Here R:R ratio is very much...
WEBELSOLAR gave a breakout with outstanding volume from a channel pattern after consolidating in it for a year.
Stock looks very bullish but may consolidate for some time before the next move up.
Could trade at 120-130 in the near future, especially if the broader market shows more strength in the coming weeks.
Long term rounding bottom and BO with massive volumes in last couple of weeks.
First upside target will be 123 and then can try to regain its life time highs.
topped out at 1.27 fibonacci extented level of 78.65. support at 69-70, 63-62
target 1 112-116
target 2 141-146
target 3 176-181 (ROUNDING PATTERN FORMATION )
MULTI YEAR BREAK OUT ABOVE 116.
