The stock has given a clear breakout with good volumes. It has broken a string resistance of 120 and will be in strong uptremd if sustain above 120.
Buy for the target of 154.
SL: 120
A almost debt free company having good consolidation. Its contracts are back at full capacity. A subsidiary got listed in the middle east. Promotors have drastically increased their stake over the last few weeks. Consistant profit making company and clean management.
Good to accumulate and add above 120. Short term can give 10-15% returns above the break out...
NSE:WELCORP
This is the Daily Chart of Welcorp Ltd
It is currently trading in a narrow range
Buy it on the breakout level 115
for the target of: 120,125,130 and for the further target of 145
Trade with Proper Risk Management.
Victory is beyond fear!!
Disclaimer: I am not a SEBI Registered Analyst. Please take position after consulting your advisor.
Hi. i am not going to invest money in any of the shares I post. I am learning the charts . If you invest money and you get profit based on what I said ..please drop a message . So I shall know I was doing it correctly.
Don't invest money because I have said it. Please use your alma matter as well . May be I am just a supporter of your thoughts via these charts....
![WELCORP: Welspun Corp [Metals]](https://s3.tradingview.com/p/PBej67fq_mid.png "Welspun Corp [Metals]")
