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.
WELINV trade ideas
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, INVEST WITH CONSULTATION OF A FINANCIAL ADVISOR. View solely personal.
