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WESTLIFE

WESTLIFE - Bullish Swing ReversalNSE: WESTLIFE is closing with a bullish swing reversal 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.
NSE:WESTLIFELong
by BrahmaBull31
WESTLIFE DEVELOPMENT - A bullish chart for my studyThis chart is basically just a learning experience for me to see how the stock behaves in the coming days. Whether history would repeat itself in the medium term? Whether technical charting and market sentiment can overpower fundamentals ? Many of you may say it is obvious but here is a stock which technically is great as explained in the chart but fundamentally isn't great. Although virtually debt free yet the promoter holding has decreased by over 3% in the last quarter. ROE in the last in the last 3 years is -0.11% and stock is trading at 10.67 times book value. I expect it to touch the target level of 391 which is about 11.5% from CMP of 347. Lets see if it does.
NSE:WESTLIFE
by CannySunny