WELSPUN ENTTHE HOUR CHART AND DAY CHARTS INDICATE THE PRICE COULD GO TO 134 AND ON CROSSING THIS 137 IS THE LIKELY TARGET.
ENTER WITH A STOP LOSS OF 132.
WELENT trade ideas
inverse head and shoulders formationBullish expectation if right shoulder level is broken with good support
My todays pick:sweet spot to enter118 is a resistance which is seemed to be broken today then 124 is a big resistance, if that is crossed, then 175 in short time can b seen!
110 is support.
Disclaimer:I am NOT SEBI registered, Just trying to learn to predict share price movement. THE CHARTS PRODUCED HERE ARE FOR MY PERSONAL REFERENCE ONLY AND THEY ARE NOT ANY BUY OR SELL RECOMMENDATIONS. Kindly consult your investment advisor and family members before investing.
Welspun Enterprises Heading towards 85. Overall H&S pattern formation, Rs 85 target will be there in next 3 months, don't try to buy that before 85.
#WELENTTop yet to confirm
Only 1 Strength Candle (Red)
Sideways action started since CCI34 W crosses below 100
Unless crosses C> 195.30 and H> 203 with strength
Possible Spring and Test of Spring.Possible Spring and Test of Spring completed and seems like uptrend started.
Welspuns Enterprise: Tailwinds galore. -Breaking out of a channel.
-Bullish divergence on RSI.
-Bullish divergence on MFI.
-Bullish divergence on Stochastic.
-Bullish crossover on MACD.
-Fundamentally strong company. Road construction industry booming under the current.
Not an investment advice. Do your own due diligence.
Disclosure: Invested.
welspun enterprise is formed as cupwelspun enterprise is formed as cup and you can also see a BIG CUP pattern from 2007 to 2017 data
