Price: ₹873.05 (+4.68%)
The stock has broken out of a falling wedge/descending channel near ₹860–₹870.
Volume: Noticeable uptick (1.82M), confirming breakout strength.
If Fed cuts rates, global liquidity improves.
This benefits infra/metals/pipes companies like Welspun (exports + domestic infra demand).
Rupee stability and crude prices staying moderate will also help margins.
Trade plan: Accumulate ₹860–₹875 → SL ₹820 → Target ₹1,000–₹1,100
Expect volatility around Oct 30 earnings and Fed decision, but medium-term outlook remains positive.
Disc : Holding this stock @ 844.5
The stock has broken out of a falling wedge/descending channel near ₹860–₹870.
Volume: Noticeable uptick (1.82M), confirming breakout strength.
If Fed cuts rates, global liquidity improves.
This benefits infra/metals/pipes companies like Welspun (exports + domestic infra demand).
Rupee stability and crude prices staying moderate will also help margins.
Trade plan: Accumulate ₹860–₹875 → SL ₹820 → Target ₹1,000–₹1,100
Expect volatility around Oct 30 earnings and Fed decision, but medium-term outlook remains positive.
Disc : Holding this stock @ 844.5
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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.
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.