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
Welspuncorp
WELCORP (WELSPUN CORP LIMITED) - SMALL CAP 📊 Script: WELCORP (WELSPUN CORP LIMITED)
📊 Nifty50 Stock: NO
📊 Sectoral Index: NIFTY INFRASTRUCTURE / NIFTY 500 / NIFTY SMALLCAP / NIFTY METAL
📊 Sector: Capital Goods
📊 Industry: Industrial Products
Key highlights: 💡⚡
📈 Script is trading at middle band of Bollinger band (BB) and taking support of middle band which is SMA20.
📈 Already crossover in MACD .
📈 Crossover in Double Moving Averages.
📈 Right now RSI is around 60.
📈 Todays volume is higher then previous trading session so we can say it is volume Breakout.
📈 One can go for Swing Trade.
⏱️ C.M.P 📑💰- 233.70
🟢 Target 🎯🏆 - 250
⚠️ Stoploss ☠️🚫 - 223
⚠️ 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 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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