Riding the Parallel Channel , it is close to the bottom of the channel where a reversal is expected. Support of 50 MA just under it. Expected : MACD crossover and RSI breakout and Price breakout. Apart from this Crude oil chart is expected to give a massive breakout.
it's must be in your watchlist. it's forming a symmetric tringle pattern on daily chart & the stock is in uptrend. so we can expect a very good up move after this breakout.
Welspun Corp has taken support on lower trend line on the weekly charts. Buying could be initiated in 133-136 zone. It is still trading in a channel. First Target would be 165 (approx 20 percent from current levels) . A weekly close above 165 could take the stock to 185/199 levels.
Moving in a clear ascending channel, longs can be initiated near the lower trendline with a target for the upper trendline.
Breakout and retest done. Can be considered for a pullback trade. Please consult your advisor before buying / selling. I am not a SEBI registered investment advisor
Welcorp BO+ Cup & Handle + High Vol + Triangle BO. Tgt 165/195 SL 130 Abv Chart is For Study Purpose Only
Riding the parallel channel, it repeats a 3 VCP pattern to move higher and the stock is ripe for yet another move. Just basic price action analysis. Nothing much to add from indicators.
WELSPUN CORP LTD. has been facing the resistance of 144 since 2012. Above 150 can be considered as a buying opportunity.
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...
Buy with a Sl of 125.5 T1 : 131.5 and T 2 = 135
Buy welspun above 126 for the taarget price of 145 with the SL of 119. Good trade . This is for your educational purpose only.
Welcorp opportunity @ 124 sl 110 target 182
WELCORP | Another 50% opportunity in this strong company - Similar to our TATACOFFEE, DELTACORP setup CMP : 122 Target : 110 Target : 182 1:4 risk reward setup
Watch WELSPUN CORP in the coming days. It can move towards 180 levels if it sustains above the descending trendline and break the horizontal resistance levels
Weekly chart analysis. Ascending parallel channel formation. support at around 120. Resistance around 150. If BO at 150 can enter, with target of 184, SL 120.
The chart itself speaks!