WEBELSOLAR trade ideas
Websol Energy Systems Ltd.*Websol Energy Systems Ltd.*
P&F Formation on Monthly Basis.
Price BO > 1540 / 1646 Needed & to be Sustained. Then Good to go.
Strong Vol Consolidation & Continued.
RSI: 1H>D<W<M. All in Super Bullish Zone.
EMAs: Widening Gaps amongst 20/ 50/ 100/ 200 on Monthly Basis.
*Trail SL with Upside*
*Book Profit as per Risk Appetite*
*This is an Opinion. Do your own research as well.*
*_Happy Investing_*🤓
Positional Pick. Webelsolar Enery Syst.This chart came to my attention 2 weeks before when it gave a breakout around 97. Since then it is showing very good strength on the charts. I am especially interested in this chart due to the gap up opening. Last 2 weeks the stock is successfully trading above the gap and it has shown no sign to fill up the gap. In my opinion, it is a very good sign and worth of a trade.
CMP - 113.3
T - 133, 163 W
SL - 100 W
Intresting chart of the week. Webel SolarThis is not a very famous company, however, I am still fascinated with this chart. This company is in the business of producing Solar equipment's. Solar energy would be easily accessible for people in general and after a push from government for green energy, this stock should give good returns. This stock has given a up flag breakout at the same time breaking a downward channel. The volume shows smart investors might be taking positions in the stock. Currently the stock has major resistance around 122 and 163. We will review this stock around 163.
CMP - 108 (11/9/22)
T - 133, 166 W
SL - 95 W
View - Short term.