WELINV Near SupportWELINV price is consolidating in phase. Price also near support zone. Need to observe whether it will break the triangle pattern or not.
Key stats
Market capitalization
978.487MINR
Dividends yield (FY)
—
Price to earnings Ratio (TTM)
31.80
Basic EPS (TTM)
8.40INR
About WELSPUN INVESTMENT
ISIN
INE389K01018
Sector
Finance
Industry
Investment Banks/Brokers
Website
welspuninvestments.com
CEO
Gajendra Nahar
Headquarters
Mumbai
Founded
2008
Welspun Investments & Commercials Ltd. engages in the provision of financial services. It operates through the following segments: Finance and Trading . The Finance segment is comprised of investment and dealing in shares and securities. The Trading segment encompasses the trade of textile products and related accessories. The company was founded on October 7, 2008 and is headquartered in Mumbai, India.
WELSPUN INVESTEMENT Simple Price Action Analysis.
Travelling in a channel.
Breakout after a consolidation forming a base however there was a rejection from the top as well.
Since the price is above the Ichimoku Cloud, it is safer to enter only when it closes above 458.
WELINV - BuyStock has broken out after almost 3 months with very good volume. Buy around 411 with tgt 512 and SL 353.
Short Term Pick: 30% to 50% in 2-4 MonthsShort Term Pick: 30% to 50% in 2-4 Months. Looking at price how it is behaving, we can see a breakout soon. Ideal level would be above 176 with confirmation on daily level. We can see 215/270 or above on cards. Price is moving in ascending triangle and could have strong breakout. NOT SEBI REGISTERED
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Income Statement
Balance Sheet
Cash Flow
Earnings
Next:—
0
Revenue
0