WELSPUN CORP LTD

NSE

WELCORP

Welcorp

It is at Support and Inverted hammer made in last candle.

Wait for breakout on either side .

WELSPUNCORP long idea levels mentioned in cart

Positional view on Welcorp is buy from CMP 146 for target 175 and 200

Forming round bottom pattern on weekly charts, has Supply Zone near 146 levels, once it breaks, has potential to reach 220 levels within few weeks

Shorts if suits your plan & purse err...Risk !

Welspun has been trying to break out from the current level twice now, but this time the volumes are in favour of the textile stock. RSI and MACD also showing momentum. Can it break out? Buy above 85. SL 82.5 As @bearishbull pointed out rightly, there is a hidden bullish divergence in the RSI and MACD levels as well.

good pull back