WELSPUN CORP LTDLong
POSITIONAL BREAK OUT TRADE
After consolidation on low volumes comparing to recent. Ascending triangle formation means support shifting upwards and buyers are strong. Also relative strength w.r.t nifty gives break out.. If you add RSI you can check same ascending triangle/VCP pattern. Also risk to reward ratio is better.
Disclaimer: All charts and analysis is for self learning here. no buying and selling recommendation is there.
Disclaimer: All charts and analysis is for self learning here. no buying and selling recommendation is there.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.