WELCORP - Welspun Corp Ltd - Uptrend - Long Term1. Consolidation
2. 50% retracement
3. Support taken at support level
4. Double Bottom at support level
5. Break-out and close previous All time high
6. ADX - shows strength of the trend
WELCORP
Consolidation Breakout - WELCORP📊 Script: WELCORP
📊 Sector: Steel
📊 Industry: Steel - Large
Key highlights: 💡⚡
📈 Script is giving consolidation breakout on daily chart.
📈 One can go for Swing Trade.
⏱️ C.M.P 📑💰- 696
🟢 Target 🎯🏆 - 756
⚠️ Stoploss ☠️🚫 - 663
⚠️ Important: Always maintain your Risk & Reward Ratio.
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Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
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WELCORP - Bullish Consolidation BreakoutNSE: WELCORP is closing with a bullish consolidation breakout candle supported with volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been moving along the horizontal support for the past few days which is indicating demand.
One can look for a 8% to 12% gain on deployed capital in this swing trade.
The view is to be discarded in the event of the stock breaking previous swing low.
#NSEindia #Trading #StockMarketindia #Tradingview #SwingTrade
Disclaimer:
This is for educational purposes only.
Welcorp good chart to buy welcorp is cup and handle chart pattern which ready to cross his 52 week high and set a new high for in next few days volume is good and given breakout on weekly chart
WELCORP Positional Long 6 Months to 1 yearWELSPUN CORP Ltd Positional Long 6 Months to 1 year
Disclaimer: These levels are purely based on Price action/demand and supply zones & and consumed only for educational purpose & should not be taken as buy/sell recommendation. I will not be responsible for any loss/profit incurred if anyone takes trades based on my personal views. Please do your own research & consult your Financial Advisor before making any trading decision.
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Buy opportunity in WelcorpBreakout with volume support on the daily chart today. Buy above 165 with 158 SL and target 181
WELCORP long // Chart self-explanatory NSE:WELCORP
Disclaimer : The view is for study purpose only, I am not a SEBI register person please contact your financial advisor before investing.
Welcorp another consolidation and long term buyA almost debt free company having good consolidation. Its contracts are back at full capacity. A subsidiary got listed in the middle east. Promotors have drastically increased their stake over the last few weeks. Consistant profit making company and clean management.
Good to accumulate and add above 120. Short term can give 10-15% returns above the break out point. Long term I would consider this stock for a level of 300.
