WELCORP trade ideas
Breakout in Welspun CorpWe can clearly see a rising channel and Cup & Handle pattern formed on Daily Chart with the rising volumes.
WELSPUN corp: LONGTriangular consolidation pattern
buy on break of trendline
TARGET : 206
sl: EMA 50
R:R ratio 5:1
Inverse Head And Shoulder patternon daily time frame welcorp shows inverse head and shoulder pattern, anyone can iniciate trade on the low of right hand i.e @ 135-140 levels but just buy 20% of your trade and 80% after the breakout so you can get max profit and min loss. Last but not least your stop loss should be at 120 levels and targets would be 175,200
Buy on DipAdd till 135.Near Trendline and now moving up. Good volume seen.1-2 Month Holding.Target 165. Took Suppoet near 200 Ema.
welcorp trading around sppot areastock is trading in a channel and it now at lower base, can be bought with a minimum risk and maximum gain . watch this stock
WESPUN CORP DAILY CHART TAKING SUPPORT ON ASCENDING TRENDLINE , VERGE OF BREAKOUT , ACCUMULATION WITH MASSIVE VOLUME . JUST NEED TO CLEAR MINOR HUDLE 152-154 , IF CLOSED ABOVE THEN 185-190 IN ONE MONTH , SUPPORT AROUND 148 , ALREADY RECC IN OUR CHANNEL AS MULTIBAGGER STOCK AT MUCH LOWER LVL
Buy Welspun Corp abv 145.60 Buy Welspun Corp abv 145.60 trgt 147-149-153-156
stop loss 143.50.
Disclaimer:
All information shared is just for educational purposes.
By no means shall we be accountable for any debits/losses amounting out of it.
We are not SEBI registered Analysts, so please consult your Investment Advisor and take rational decisions.
WELSPUN CORP : Pipeline orders + Technical = Buy the stock nowCompany has bagged orders for more than Rs 6,000 crore to be executed through Q3 and Q4 of FY21.
Weekly Chart - Cup and handle.
