WELENT (WELSPUN ENTERPRISE)CAN CONSIDER GOING LONG ONCE IT BREAKS 108.5 WITH A STOP LOSS OF 99.5
FIRST TARGET CAN BE 115 THEN 120 AND 130+
PLEASE DO YOUR ANALYSIS
WELENT trade ideas
Welspun Enterprises Long position 1. Following the channel, the channel was broken twice but the price enters back to the channel.
2. 95 was resistance, but now working as a support
3. Fibonacci retracement
4. Bollinger band support at 95 with ADX, again confirm this level.
5. Down move not supported by volume.
4. 93 level can be sl only if it breaks with high volume.
WELSPUN ENTERPRISES A TURNAROUND ON CARDSRefer to the chart for details
Note :Just for education purpose
Welspun Enterprises Must buy at Current Levels- Portfolio Stock
- Multi-year breakout
- Most important Order Book has doubled from 5300 crores to almost 11000+ crores in last qtr giving solid visibility
- Oil discovery in JV with Adani is another boon
- Negligible debt
- Follows HAM model of execution
- Combined play of Road and Water Infra
- Expecting Multi-fold returns in coming years
Welspun EnterPrises Positional Target of 200 in 6 monthsStrong Pattern Formation
Support at 125, first resistance 140 once that is crossed 175 and then 200.
Positional call for Welspun EnterprisesWelspun Enterprises Good position for above 139 Stoploss 124 target 148-155-165+++++
Break-out at current levelMarket Cap ₹ 1,780 Cr.
Current Price ₹ 120
High / Low ₹ 125 / 33.2
Stock P/E 9.95
Book Value ₹ 108
Dividend Yield 1.67 %
ROCE 12.4 %
ROE 9.56 %
Face Value ₹ 10.0
Industry PE 11.8
Debt to equity 0.98
EPS ₹ 12.0
PEG Ratio 0.41
Promoter holding 50.2 %
Pledged percentage 0.00 %
Return over 1year 94.2 %, ROE 3Yr 8.06 %, ROE 5Yr 5.00 %
Welspun EnerprisesAccumulate b/w 100-112
SL 75 Daily closing basis
TGT 195
FOR EDUCATION PURPOSE ONLY
WELSPUN ENTERPRISE |||A Breakout Trade in WELENT ....
Buy Zone : 105 - 125
Targets : 142 and 165
Stoploss: 95
Breakout WELSPUN ENTERPRISESDisclaimer :- This is not any buy or sell recommendation. This is just my view on this counter. Kindly consult with your financial or investment advisor before investing. Thank You !!
There is a breakout generated in WELENT with good volume support.
Next Levels as Below :-
1st Resistance :- 140.00
2nd Resistance :- 175.00
3rd Resistance :- 195.00
Support Level :- 85.00
Happy Trading ! Happy Investing !! :) Thank You !!!
What a Move with volume---Welspun Enterprises Heading Very HighWelspun Enterprises after almost 1 year 8 months of consolidation below 200 days weekly moving average.
Targets open - 123 - 140 - 170 - 199 - 250
WELNET 30% upmove possible1. WELNET has shown a major BO from 100 levels
2. TGT : 140 ; SL : 93 : CMP : 115
Good Momentum
WELL SPUN Enterprises Positional ViewNSE:WELENT Levels already mentioned.. Look for Swing..
Appreciate our work by like, share and following..
Note:
1. Views are personal. Recheck and take the trade as per your RR.
2. Always remember SL is your lifeline not the big target...
3.Follow us for more patterns and like, share so that we feel it is helpful to many and share more patterns...
3. Views given here is not a tip rather it is for educational purpose... After market opens, the condition might change so learn to handle for different conditions..
4. To learn more about patterns, Psychology behind the trade and price action trading... contact us.. Thanks.
WELL SPUN Intraday to Positional ViewNSE:WELENT Levels already mentioned.. Look for Intraday to Positional..
Appreciate our work by like, share and following..
Note:
1. Views are personal. Recheck and take the trade as per your RR.
2. Always remember SL is your lifeline not the big target...
3.Follow us for more patterns and like, share so that we feel it is helpful to many and share more patterns...
3. Views given here is not a tip rather it is for educational purpose... After market opens, the condition might change so learn to handle for different conditions..
4. To learn more about patterns, Psychology behind the trade and price action trading... contact us.. Thanks.
Welent- Ascending Channel PatternWELENT- daily chart trading in ascending channel pattern and currently stock trading near lower support level and now stock has bounce from support with strong volume and bullish marubozu pattern, now stock can move towards 96.00/104.00 levels in coming days with the help of 78.00 level.
Welspun Dynamic Area !!Buying opportunity seen above 91.5 for target of 135 on weekly chart basis.
Disclaimer - For educational purpose only.
Short Term Pick: 80/88+ in 2-3 monthsShort Term Pick: 80/88+ in 2-3 months. Looking at price behaving breakout above 73.50 with confirmation on daily chart looks really good for 80/88+. One can enter around 73.5-74.50 with SL 69. Attractive risk to reward ration and really good time to enter.
Note: I am not a SEBI register and view is only for educational purpose as well as personal, always consult your financial advisor before investing or trading.
WELSPUN ENTERPRISE Dividend CorrectionWELENT has been rising the past week on account of its dividend issuance. The Ex-Dividend day is on 11-06-2020 i.e Thursday.
Prices usually tend to correct themselves on this day.
Look to SHORT below 69.6 which is just below a resistance zone.
TGT1: 68.65
TGT2: 67.65
NOTE: Trade with confirmation of momentum & volume on lower timeframes in intraday.
