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.