WelcorpCurrently At strong resistance zone
But if Staying above 121 it may test next important levels of 146-150
Since Market is bullish it can be bought on dips till 107
SL On close below 96
WELCORP trade ideas
#WELSPUNCORP FOR 145/150 ANOTHER IDEA FROM CONTRACTION AND ACCUMULATION, THIS STOCK ABOVE 120 CAN SHOW 150 LEVELS
NO IDEA OF FUNDAMENTALS BUT TECHNICALLY A DARVAS BOX FORMATION
Welcorp, Long above 120 for target of 165-180Welcorp is in consolidation in 100-120 zone.
1. Buy near 100, Sell partially at 120 to play on range
2. Buy above 120 for a target of 165 (with 180, 200 to follow)
Stoploss: 95
watch for range breakoutwait for range breakout buy above 121
Target 140-145++
exit if closes below 118
WELCORP | Flag & Wedge formation - 52% potentially it can goWELCORP | Flag & Wedge formation - 52% potentially it can go up side
CMP : 100
SL : 92
Target : 150
Almost 1:6 risk reward setup
(P.S: Its a weekly chart, Small cap, Circuit range is 5% so plan your trade accordingly - Could take time upto Weeks to Months)
WELCORP | Breakout and retesting the zoneWELCORP | Breakout and retesting the zone
CMP : 114
SL : 110
Target : 130 (Calculated based on swing length) it has potential even to go up
1:4 simple risk reward setup, this stock is fundamentally strong one aswell. Even if stoploss hit continue to track the stock for next upmove.
(5% circuit limit stock)
welspun corp trendwelspun corp. forming uptrend and shortterm tgt is 119.30 and long term tgt is 131.20
Welspun CorpFollowing a disjoint channel on daily with the added resistance of gap, might just reverse from here
WELCORP - Accumulation ZoneWELCORP is in great value range i.e. below 69.45 till 51
slippage below 51 seems to be very difficult bt not ruled our - considering it is now trading with 5% circuit band with low volumes
can help restrict further price erosion
NOTE: One should consult their financial advisor before making any decision to buy or sell equities
welcorp , checking the breakout level , buy on dips .!!!!looks good for the dips , 196-194 good buy , further upmove to 230/250/280
Welcorp - Investment StockPrice action is giving bull flag break out. Buy above 138 with the stop loss of 134. Targets are 143 and 147.
