SSR1999

SSR1999

#WELCORP ✅ BUY 🚀 CMP ₹542 ⚠️ SL ₹507 🎯 Target 600+

SSR1999

Stock has crossed it previous highs and now got out of range of 9 years and price range from 30-200. So with a stop loss around 160 this breakout can be played and hope for 2x returns in this stock. so this is a high risk high reward setup.

SSR1999

Great accumulation is going on in the stock. Should double to 600 in less than a year. A good fundamental stock where the upside is due.

SSR1999

Parallel channel breakout. Also 4 year resistance zone have become as a good support now for the stock. Easily can go to All time highs but first target can be 1420. There are three possibilities from here "a" ,"b" and "c". a- stock can touch recent lows around 1160-70 and can bounce from there. b- can touch the resistance zone once again and then bounce. c-...

SSR1999

There could be two paths (a&b) for it to reach the target1 of 140 and then can touch 150 too. Risk reward is 1:3

SSR1999

the stock have given 13 year breakout and can test former highs now maybe even 100.

SSR1999

Earlier neckline of Cup and handle was acting as resistance zone. But after the breakout it is taking support at the same line. So the point is if it consolidates around this line then a fresh new move will come. Also the stock is at All time high levels and PE ratio is around 130, SO BE CAUTIOUS IN SUCH COUNTERS.

SSR1999

target 1 can easily be 160

SSR1999

simple cup and handle breakout above 462. target 1 of 100 points.

SSR1999

CMP 1937.30 Target1 1988 Target2 2033 SL 1905 Only for my educational purpose and not a call or a tip.

SSR1999

target 1413 sl 1367 For educational purposes only and not meant for any call.