Long
Welspun - nearing crucial support level (Triple bottom)
Reversal could be on cards as the scrip to managed to thrice, pullback from crucial support level in past 3 months
TP = 85, 94 Managing to break the resistance level 2 as earlier if nifty supports beyond 9600, bulls should manage to pull near 52 week highs
William% also in oversold stage
TP = 85, 94 Managing to break the resistance level 2 as earlier if nifty supports beyond 9600, bulls should manage to pull near 52 week highs
William% also in oversold stage
Note
Doji candlestick formed around resistance-1Will be taking call after wait & watch as the momentum can go either ways after large green candlestick engulf and then, doji formation thereafter..
Surging up could be breakout from channel and TP towards resistance - 2
Note
Will start trading towards short TP (resistance - 2) and beyond after wait and watch as morning star can be seen presuming bulls in control
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.