With most steel pipe co's starting to do well and welcorp with its brand entering the space along with its original business..expect some good things here..
The stock could break above the 200EMA and also this downward trendline..
Long above 215 with a stoploss below 200.
DEMAND & SUPPLY TRAdings STATEGY
Price come to all time high
Now price approach a strong dz this zone is responsible to puusss for all time high
And looking good structure this daily demand zone
Swing Trade opportunity.
CMP: ~227.50 ( Buy @ ~ 234.30)
SL: ~ 215.10
Target: ~ 266 | ~ 298 | ~ 350
( Targets calculated on the basis of Fib. and previous swings )
Disclaimer:
I am not a SEBI registered analyst. My studies are for educational purposes only. Please consult your financial advisor before trading or investing. I am here just to share my views...
DON'T HAVE TIME TO MANAGE YOUR TRADES?
- Take BTST trades at 3:00 pm every day
- Book profits within the first 30 minutes of the market opening
- Try to exit by taking 5-7% profit of each trade
- SL can be taken when the 5/15 min candle closes below 44EMA
- SL can also be maintained as 3% or closing below the low of the breakout candle
The levels mentioned...
Welcorp is showing breakout on Monthly chart, close above 285 only monthly candle will be strong signal for new highs from here.
Keep it on radar, updates will be posted regularly on this.
Ascending triangle pattern
trg r open with confirmation candle
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“Disclosure : I am not Sebi-registered.” This channel is for only educational purpose. Any profit/loss, I am not responsible. Before taking any trade on our calls please consult your financial advisors. Thanks
Rounding bottom pattern ( base formation)
12 years breakout
Required to retest previous Resistance zone or consolidate near breakout zone for further upside movement.
Price also trade above wema 30 n volume popping up
📊 Script: WELCORP (WELSPUN CORP LIMITED)
📊 Nifty50 Stock: NO
📊 Sectoral Index: NIFTY INFRASTRUCTURE / NIFTY 500 / NIFTY SMALLCAP / NIFTY METAL
📊 Sector: Capital Goods
📊 Industry: Industrial Products
Key highlights: 💡⚡
📈 Script is trading at middle band of Bollinger band (BB) and taking support of middle band which is SMA20.
📈 Already crossover in MACD .
📈...
NSE:WELCORP
1) number one most important thing for a trader is to be only in continuation structures, where there is already a prior trend
2) Retracement has to be on lower volumes. here the candle at 2 briefly undercuts the prior low and swiftly moves back up, creating a shakeout of weaker hands in the stock
3) after an earnings gap down, there is no further...
Ascending Traingle breakout happened for NSE:WELCORP
Can hold for short - medium term range for 3-6 months for the following targets.
Target 1 - 263
Target 2 - 300
* Not a financial advice. Do your research before investing.
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. ...
