I AM SUGGESTING TO MAKE A LONG POSTION IN WLESPUN ENTERPRISE, IT IS TAKING A GOOD SUPPORT ON TREND LINE. I HAVE MARK THE ARROWS WHICH IS DEFINING MOVEMENT THANKS
A close above 122 will fuel the move towards 130. Then 142. Load more when it closes above 142 for the target of 177 and 202. Strong order book, stock is poised to do well.
Welspun Enterprises Great Buy Idea
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
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 Strong Order Book BO Retest
Refer to the chart for details Note :Just for education purpose
- 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
Strong Pattern Formation Support at 125, first resistance 140 once that is crossed 175 and then 200.
Welspun Enterprises Good position for above 139 Stoploss 124 target 148-155-165+++++
Market 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 %
Accumulate b/w 100-112 SL 75 Daily closing basis TGT 195 FOR EDUCATION PURPOSE ONLY
A Breakout Trade in WELENT .... Buy Zone : 105 - 125 Targets : 142 and 165 Stoploss: 95
Disclaimer :- 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...
Welspun Enterprises after almost 1 year 8 months of consolidation below 200 days weekly moving average. Targets open - 123 - 140 - 170 - 199 - 250