We can clearly see a rising channel and Cup & Handle pattern formed on Daily Chart with the rising volumes.
Triangular consolidation pattern buy on break of trendline TARGET : 206 sl: EMA 50 R:R ratio 5:1
on daily time frame welcorp shows inverse head and shoulder pattern, anyone can iniciate trade on the low of right hand i.e @ 135-140 levels but just buy 20% of your trade and 80% after the breakout so you can get max profit and min loss. Last but not least your stop loss should be at 120 levels and targets would be 175,200
Stock looks good above 120. You can buy it for short term
Welcorp is good if it goes above 120. You can buy it for short term
Add till 135.Near Trendline and now moving up. Good volume seen.1-2 Month Holding.Target 165. Took Suppoet near 200 Ema.
stock is trading in a channel and it now at lower base, can be bought with a minimum risk and maximum gain . watch this stock
WELSCORP EQUITY levels ...01/07/2021 (D candle)
Taking strong support of trend line .
TAKING SUPPORT ON ASCENDING TRENDLINE , VERGE OF BREAKOUT , ACCUMULATION WITH MASSIVE VOLUME . JUST NEED TO CLEAR MINOR HUDLE 152-154 , IF CLOSED ABOVE THEN 185-190 IN ONE MONTH , SUPPORT AROUND 148 , ALREADY RECC IN OUR CHANNEL AS MULTIBAGGER STOCK AT MUCH LOWER LVL
Buy Welspun Corp abv 145.60 trgt 147-149-153-156 stop loss 143.50. Disclaimer: All information shared is just for educational purposes. By no means shall we be accountable for any debits/losses amounting out of it. We are not SEBI registered Analysts, so please consult your Investment Advisor and take rational decisions.
Company has bagged orders for more than Rs 6,000 crore to be executed through Q3 and Q4 of FY21. Weekly Chart - Cup and handle.