Pl refer chart
Testing trendline, expect to resume uptrend. I am biased on bullish side
Everything on chart is self explanatory
Looks bullish as an investment idea
Welspun broke out of consolidation with huge volume, the price may test previous highs & likely to move ahead. The pattern would fail on close below 140. Dips towards 160-155 should be used to get in the stock.
The stock is at very important level. Head and Shoulder pattern of more than three years has formed & 1050 to 1100 looks very crucial for this stock, any close (preferably weekly) with volume below this support zone may invite tremendous downside in the price.
The stock gone through correction and a breakout of downward channel, expect it to resume the uptrend