Westlife Development looking very bullish for about next month. Someone can easily expect target of a round number ₹1000 only once it gave us breakout of an important trendline. With a Risk Reward of around 1:3.9.
WESTLIFE DEVELOPMENT now breaks the previous resistance and forms W pattern ,so will expect 1000+ in midterm and keep Stop loss at 798 Daily candle closing basis (DYOR)
The stock has reached lower trendline and may undergo a reversal rally. Trade is supported by brokerage calls and Supports Nearby.
Risk Reward Ratio - 3:1
SL is placed below support zone & the lower trendline. The target is placed based on fundamentals.