Get started
WELSPUN CORP LIMITEDWELSPUN CORP LIMITEDWELSPUN CORP LIMITED

WELSPUN CORP LIMITED

No trades
See on Supercharts
Overview Financials News
Ideas
Discussions Technicals Forecast Seasonals Bonds

WELCORP trade ideas

WELCORP Buying Opportunity. Wait for entry.Please read this completely before investing. Past Behaviour: WELCORP had consolidated between 123 and 101 for a long time before breaking out to 145 odd levels. The swing low before the breakout commenced an uptrend that is more aggressive than the one started in June 2020. Analysis The stock is consolidating above the previous consolidating levels and is forming a pennant like pattern. On break out of the pennant, the stock might face strong resistance at 150. Strategy Buy x quantity at 122 Buy x quantity more at 118 (Same qty) Buying Average: 120 (2x quantity) Let us assume x = 100, and hence we will have 200 shares at 24,000 Stop Loss: 111 Target: 144, 150, Open (Book half at 144 and trail SL to 138 for 150) Risk of Capital Investment: 24,000 Max Loss: 9*200 = 1,800 (7.5%) Max Profit at 144: 24*200 = 4,800 (20% on investment) Risk to Reward Ratio: 3:8, roughly 1:3 P.S: I am not a registered analyst so please consult your advisor before investing.
NSE:WELCORPLong
by ShekharChatterjee
4
WELSPUN CORP - short term 20% & Long term 100% returnsCompany is one of the largest producer in pipe segment. They are in top 3 among line pipe manufacturers globally. It is mainly used in Oil,gas & water industry. Some of its major clients are 👉Reliance, IOCL, Shell,Total gas, British Gas, BP ,LT,Saudi Aramco, qatar petroleum,etc. Reasons to consider for buying : 👉 Consistent growth in net profit with increasing margin 💚 👉 Company with strong financials - Low debt, zero pledge, EPS growth, growth in ROE & ROCE. 👉Book value per share is improving consistently for the past yrs 👉 Company with strong moat 👉 CAGR sales growth of 10.5% for the past 10 yrs 👉 Promoters have increased their stake in last qtr💚💚💚(who else know better than promoters) 👉 Company with attractive valuations 👉 Stock pe is very attractive compared to industry and available at attractive valuation. Future Outlook: Company is into pipe manufacturing and lot of pipeline projects are under progress/proposed(including govt projects)in Oil & gas sector, water and other sectors, etc which will greatly benefit the stock. Being the largest producer, they can benefit out of it. Also, company is having competitive edge over others. Technicals: on Technical front, stock is so bullish and looking strong. One can buy for a target of 💯 % returns in this counter. Buy on dips. Disclaimer: All views are personal and its not a recommendation call. Do your own research before investing.
NSE:WELCORPLong
by vk_Bullsview