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WELSPUN CORP LTD
Long

Momentum Trading Picks: Welspun Corp & Himadri Speciality Chemic

By GoodluckCapital
  1. Price went through a significant consolidation after a big rally.
  2. Volume completely dried up during the consolidation phase.
  3. Price recently broke out strongly, surpassing its resistance area.
  4. Rising volume suggests buyers are becoming more interested in this stock.
  5. A bullish MACD crossover confirms the strong momentum in price.


snapshot

  1. The price created a symmetrical triangle shape and stayed stable for a while.
  2. There was no trading volume during this time.
  3. Following the breakout, the price stabilized above the breakout point and then retraced.
  4. After a successful retracement, the price is now moving upwards with significant trading volume.
  5. A bullish MACD crossover confirms the strong momentum in price.
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