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AbNamjoshi
Sep 11, 2022 12:59 PM

Intresting chart of the week. Webel Solar Long

WEBSOL ENERGY SYSTNSE

Description

This 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.

Comment

Tested first resistance and consolidating
Comments
z2h
yes sir, from last 2 weeks i noticed change in this stock.
AbNamjoshi
@z2h, all the contemporaries of this stock are flying too. Today it tested 1st resistance. We should reach the target sooner than expected. LOL!
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