As we can see Welspun India has made double bottom pattern (W Pattern) in weekly timeframe. One can enter in if price closes above 85.60 and use multiple timeframe to confirm entry in daily chart also but price should close above 85.60.Then and then only we can see the next upmove in Welspun India upto 118.85. I observed increased volume in last week's candle.
Welspun India - Rounding bottom observed on weekly chart, May reach to 150-160 range within 12-15 weeks.
Buy above 75 Targets 85 90 100 Book profits accordingly.
Ranked as world's largest home textile supplier. Potential Multibagger!! There is divergence in RSI on weekly and Stochastics is hitting the floor on monthly. Sales declined since SEP 2021 with decline in OPM%. A decline of more than 63% shows price has already factored in these fundamental aspects. Net profitability has increased by 11.3% Key support level...
WELSPUN CORP stock with a good fundamentals, and trading at a fair price. Longterm.
The stock has reached lower trendline and may undergo a reversal rally. Trade is supported by brokerage calls and Supports Nearby. Risk Reward Ratio - 2:1 SL is placed below support zone & the lower trendline. The target is placed near resistance.
A simple head and shoulder pattern , broke out , can go for long.
welspun india buy 147 above and t1 150 because (1month r3 and 1 week r3 ) hold for long term ..... all time high is 170 final target for short term .... only for educational purpose ...please analysis u r own stratergy
WELSPUN INDIA BREAKOUT WITH VOLUME NOW ENTER IN THIS STOCK AT 79/73 WE SEEN 93/99/108+ VIEW INVALID BELOW 60 WCB SL NOTE : ALL VIEWS ARE EDUCATION PURPOSE ONLY.
Welspun is in a long drawn Corrective structure. There is one wave to the upside which completes the correction. At the moment its in a flag formation. A sustained breakout from the current 240 min flag should take the stock higher towards the 90 zone.