WELCORP trade ideas
Welspun Corp - Weekly Round Bottom PatternForming round bottom pattern on weekly charts, has Supply Zone near 146 levels, once it breaks, has potential to reach 220 levels within few weeks
Welspun - BreakoutWelspun has been trying to break out from the current level twice now, but this time the volumes are in favour of the textile stock.
RSI and MACD also showing momentum. Can it break out?
Buy above 85. SL 82.5
As @bearishbull pointed out rightly, there is a hidden bullish divergence in the RSI and MACD levels as well.
