buy above 134 for target of 146-148
BUY 123 TO 119 TARGET 150 NOTE : AFTER THE SIDE WAY NOW IT HAS BREAKED THE RESISTANCE LINE AND CLOSED ABOVE THE RESITANCE LINE .NOW IT IS HAPPENING RETEST MOMENT.AND ALSO WE WANT TO SEE THE PERVIOUS DAY LOW WAS AROUND 124.SO IF PRICE DINT COME DOWN MEANS YOU CAN START BUY.
Currently 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
IF CLOSE ABOVE 120 ON HOURLY BASIS ONE CAN ENTER FOR SWING TRADE
Everything is mentioned in the chart
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 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
wait for range breakout buy above 121 Target 140-145++ exit if closes below 118
WELCORP | 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 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. forming uptrend and shortterm tgt is 119.30 and long term tgt is 131.20