Welspun Living , a leading company in the home textiles sector, is presenting a compelling swing trading opportunity based on several key technical indicators. Reasons are listed below : Head and Shoulder Pattern Breakout : The price has broken out of a head and shoulder pattern, indicating a bullish reversal and potential for further upward movement. 170...
1. 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
#WELSPUNLIV broke out after >2.7 years of facing resistance. Also, it is forming a cup and handle pattern and looks very bullish as the volumes are also supporting the breakout. In my opinion, we can long here with a target of 300 and SL of 150. Do your own research before investing.
-Stock looking good for swing trade (15-20% ) as well as long term. -it has made pole and flag pattern on weekly chart and going to make cup and handle pattern with increasing volumes. -Safe trader take entry after breaking its ATH. . -annual Profits are increasing . -PE ratio 22 is very low as compare to industry PE which 56 -FII holding 7%. . . Only for...
all target done in Welspun as on 19/Oct/2023 ROI: 50% within 4.5 months if you still holding then your ROI is trading around 92% as a date on 16/Nov/2023 we suggest you stocks after research of fundamental & technical analysis. follow for the more valuable swing stocks at minimum risk & maximum return. (Note: we are not SEBI registered so invest on your risk)
Welspun corp is forming a symmetrical triangle on the daily chart, with Good consolidation, volume is increasing.
Buy above 75 Targets 85 90 100 Book profits accordingly.
Ranked as world's largest home textile supplier. Potential Multibagger!! There is divergence in RSI on weekly and Stochastics is hitting the floor on monthly. Sales declined since SEP 2021 with decline in OPM%. A decline of more than 63% shows price has already factored in these fundamental aspects. Net profitability has increased by 11.3% Key support level...
WELSPUN CORP stock with a good fundamentals, and trading at a fair price. Longterm.
Company has bagged orders for more than Rs 6,000 crore to be executed through Q3 and Q4 of FY21. Weekly Chart - Cup and handle.