Welspun Living (NSE: WELSPUNLIV) is showing a potential bullish reversal after bouncing off a long-term descending trendline support. This level has previously triggered strong upward swings.
The chart also shows a bullish RSI divergence, indicating waning selling momentum. A breakout above immediate resistance (~₹115–₹117) could lead to a swing move towards ₹125–₹130.
Key support lies at ₹105. Watch for volume confirmation and RSI strength for entry validation. 📈
Please note: This chart reflects my analysis only—not a trading recommendation. Always conduct your own research before acting and consider your risk tolerance. You’re responsible for your own investment decisions.
The chart also shows a bullish RSI divergence, indicating waning selling momentum. A breakout above immediate resistance (~₹115–₹117) could lead to a swing move towards ₹125–₹130.
Key support lies at ₹105. Watch for volume confirmation and RSI strength for entry validation. 📈
Please note: This chart reflects my analysis only—not a trading recommendation. Always conduct your own research before acting and consider your risk tolerance. You’re responsible for your own investment decisions.
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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.
Related publications
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.