stay cautiousWelspun is approaching ATH levels that could act as resistance in short term however the bullish momentum will resume after a pullback to breakout level of 208.
view negates upon weekly closing above ATH and below 188 ( swing low)
WELCORP trade ideas
WELCORP FOR MINIMUM 200Company has delivered good profit growth of 34.73% CAGR over last 5 years
In bull market it is just trading at P/E of 7.3.
ROCE=18.3 %
ROE=16.1 %
The company has shown a good profit growth of 99.71% for the Past 3 years.
Company has a healthy Interest coverage ratio of 26.73.
The company has a strong degree of Operating leverage, Average Operating leverage stands at 3.71.
TRADE OR INVEST wisely.
WE CAN JUST PREDICT.
Disclaimer: I am not a SEBI registered advisor , so before entering on my view plz ask your SEBI Registered Advisor . Profit is your and loss is your.
PLEASE LIKE AND SHARE IF YOU AGREE WITH THE IDEA
Welspun - Positional BreakoutWelspun Corp : Positional
Round Bottom Breakout and Retest Done
Fresh breakout observed currently
Stay Long above 215 with SL 190
Welspun India BullishWelspun trading above the price engagement area
impulse move breakout may happen
concentrate if price sustain above 210 in daily
INVESTMENT PICK this is investing pick buy as per your risk
stock is trading above its very important level
i m expecting 15-20 percent return from this level
when stock close below 170 on weekly closing then you should exit this trade
TrendlineStock is at trendline breakout. Once it cross and close above the trendline resistance of 185 immediate target is approx 193 and then 211.
Before taking any trade do analysis on company fundamentals and others on your own.
#StockMarket #StockIdeas #StocktoWatch #StockToBuy #positionalWELSPUN CORP LTD
Trading at Resistance level, buy above 165 levels for short term targets of 172.
Or also looks chart could be form Cup & handle pattern,
for Ultimate targets of 178-185 levels, mid term view.
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Note:
Above levels are for education purposes only
Do your own analysis before taking any trade
Please Like & Follow
Ascending Triangle breakout !!The stock gave breakout from ascending triangle with good volume.
And also closed above all the EMA.
Look the chart for more detail.
This is only for educational purpose.
Watchout for Resistance breakoutThe stock has given a good closing above all EMA and looks good for swing above 165 level for first target of 172.5
Swing should be always bought on closing basis.
Learn & earn,
Dr. Tanya Kumar
welspun corp showing a triple bottom pattern nice triple bottom pattern is formed in Welspun corp, resistance levels can be treated as targets
WELCORP TARGET UPDATE 17-2-2022Look fresh in range 153-163 for upside 195/225 med to long term with SL 140..!!!
Breakout in Welspun Corp...Chart is self explanatory. Entry, Targets and Stop Loss are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
WELCORP TARGET 1(30%) AchievedThis is follow-up on WELCORP . Can check link to related ideas.
Target 1 achieved. More than 30% Achieved. Target 2 is On
Chart is self explanatory. Entry, Targets and Trailing Stop Loss are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
Welcorp New positionFresh breakout in young trend
Swing trade
Entered @ 182.4
Stop 1%
Not a trade ides
Buy Long.According to daily basis chart there is a clear breakout . Anyone can buy at this level for the target 230+ .
WELCORP LONGChart is self explanatory
Bought the stock at 158.5 just before market close
Hold with Patience.
Disclaimer: This view is for only educational purpose. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
WELSPUN CORP ANALYSIS 05.12.2021BUY : 144 TO 138
TARGET : 220
Reason For Buying This Script :
In this script it has broken the triangle pattern in monthly time frame. It may take retest moment but at lower levels.
Note :
Above given levels are based on monthly & weekly time frame . So be patience it will take some days to achieve the target.
ALL THE BEST ...
WELSPUN CORP- Strong BreakoutHi All,
I hope you are all doing good:)
The market is currently in a phase which nobody would prefer it to be. But this is the time where we should work hard so that when the wind starts flowing in our preferred direction, we would be the first one to reach the coastline.
I was excited for this weekend as I had a clear objective of finding out stocks which did not fall much this week and held their ground. And, I was completely surprised by this chart. In such times when there is bloodbath going on in the benchmark index and majority of the major stocks, this stock has given a clear breakout of a 7 month old resistance.
Now, I would still not go and simply buy this stock on Monday. I would still wait for a pullback as it is good to be cautious during such market phase. But it is definitely worth putting this stock under our watchlist and observe. Do not let FOMO take over, if this stock is showing such strength then trust me it will give huge targets to cherish at the right time.
Now as a homework, analyse the stock on different time frames. Establish your own view. Mark support and resistance lines yourself (you can share your chart with me in DM). If you are good at fundamentals, go through them and let me also know. In short, create a PLAN!
Like I always say, let's learn and earn together. Cheers! ;)
WELCORP has broken testing resistance I will buy WELCORP because :
The price has broken the resistance
It showed a good move upwards before breaking Resistance.
The price touched the resistance thrice in same year and has broken it now so will look at buying.
Entry : 169
Target : 223
Stop loss : 154
Buy WELCORP BREAKOUT ON DAILY CHARTSWelspun corporation gave a clear break out on Daily chart near 165 level.
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volume is also high with comparison to average volume, Can touch 200 level place SL below 150.
Nice setup for swing keep in watch list
For educational purpose only.
POSSIBLE UPSIDE MOVEOne can look for long entry at CMP or wait Retest for better R:R
Do your own analysis. Invest your capital at your own risk.
