Wonder Electricals Stock is showing resistance to market pressure!
It has moved out of a base base with strong volumes.
It should definitely be on your watchlist!
WEL trade ideas
WEL- Base breakout! Looks good positionally...
WEL Broke out of a Base
Volume is improving
RSI indicates strength
Trading above Key DMAs
Resilient to the market correction and did not correct that much
Entry: 184.5
SL: 145-Closing basis
Positional Target: 261
RR: 1:1.85
⚠️The market is currently bearish, and these trades go against the prevailing trend. Exercise caution, focus on proper position sizing, and trade lightly to manage risk effectively. Past performance does not guarantee future results. Always consult a financial advisor before making any trading decisions.
BUY TODAY SELL TOMORROW for 5%DON’T HAVE TIME TO MANAGE YOUR TRADES?
- Take BTST trades at 3:25 pm every day
- Try to exit by taking 4-7% profit of each trade
- SL can also be maintained as closing below the low of the breakout candle
Now, why do I prefer BTST over swing trades? The primary reason is that I have observed that 90% of the stocks give most of the movement in just 1-2 days and the rest of the time they either consolidate or fall
Trendline Breakout in WEL
BUY TODAY SELL TOMORROW for 5%
Wonder Electricals cmp 171.41 by Daily Chart viewWonder Electricals cmp 171.41 by Daily Chart view
- Price Band 143 to 146 Support Zone
- Price Band 125 to 128 next Support Zone
- Stock traversing in Rising Parallel Price Channel
- Stock hit an ATH 179 today and faced usual profit booking
- Volumes spiked heavily yesterday getting to steady status
- Back to Back Bullish Rounding Bottoms in Rising Price Channel
- Daily Support 158 > 145 > 131 with Resistance only at ATH 179
WelWonder Electric Chart is going well. Where, nifty is down around 12% its moving ATH.
Looks so strong.
#WEL C&H BreakOut in Daily chart📊 Script: WEL
Key highlights: 💡⚡
📈 C&H BreakOut in Daily chart.
📈 Price gave a good up move and consolidated before BO.
📈 Volume spike on Breakout
📈 MACD Cross Over
📈 One can go for Swing Trade.
BUY ONLY ABOVE 177 DCB
⏱️ C.M.P 📑💰- 177
🟢 Target 🎯🏆 – 24%
⚠️ Stoploss ☠️🚫 – 11%
⚠️ Important: Always Exit the trade before any Event.
⚠️ Important: Always maintain your Risk & Reward Ratio.
✅Like and follow to never miss a new idea!✅
Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
Eat🍜 Sleep😴 TradingView📈 Repeat 🔁
Happy learning with MMT. Cheers!🥂
About to breakout swing trading!!🔍 Key Observation:
The stock is currently trading near a critical resistance level at ₹170. A breakout above this level can trigger further bullish momentum 📈.
🎯 Trade Setup:
Buy Above: ₹170
Stop-Loss: 3% below the entry price (₹165) 🔐
Target:
🎯 First Target: ₹187
📊 Technical Signals:
Resistance: ₹170 is a key breakout level to watch 🚀.
Volume: Look for increasing volume to confirm breakout strength 🔥.
🧠 Action Plan:
Wait for the stock to close or trade convincingly above ₹170 before entering.
Set a tight stop-loss to manage risk effectively ✅.
💡 Risk-Reward: Favorable for short-term traders aiming for a 10%+ upside potential with controlled downside
WELA channel chart pattern is a period of consolidation before the price is forced to break out or down.
The channel width is expected target both side.
As price is hovering close to high probability of breakout upside is higher.
Strong stock facing resistanceOnly if it crosses 167 on closing basis, next bull move would happen
Pls provide your views on this for next 6 months
Good % of fii share / promoter share
WEL 10-20% MOVE EXPECTED, CMP-12411.Pin candles in making near ATH
2.Volume built-up observed near ATH
3.After constant rally stock consolidating in a range for new upside rally
Wonder Electricals Limited WEL #WELWonder Electricals Limited WEL - This chart is for educational purposes. I don't recommend for buy sell to anyone. My view: Long-term investment.
Volume 1) stock at life time high
2) support at trend line
3) weekly chart analysis
4) look at volume
5) from last 4 week volume in green
6) when volume high in chart stock got red volume before and after high volume
7) but in this candle having continuously green candle look big move can expect
No recommendation for buy and sell
WEL - Simple chart @Second Love PointWEL - Simple chart @Second Love Point
BLDC Theme
Note: This is for my own reference for understanding future price movement.
