WELCORP - Welspun Corp Ltd - Uptrend - Long Term1. Consolidation
2. 50% retracement
3. Support taken at support level
4. Double Bottom at support level
5. Break-out and close previous All time high
6. ADX - shows strength of the trend
WELSPUNIND
Welspun India made double bottom (Weekly Timeframe)As we can see Welspun India has made double bottom pattern (W Pattern) in weekly timeframe. One can enter in if price closes above 85.60 and use multiple timeframe to confirm entry in daily chart also but price should close above 85.60.Then and then only we can see the next upmove in Welspun India upto 118.85. I observed increased volume in last week's candle.
Welspun IndiaWelspun India - Rounding bottom observed on weekly chart, May reach to 150-160 range within 12-15 weeks.
welspunbuy above 88
SL 78
Target 100, 115, 135
buy only above this level and volume should be greater than previous candle on D1 time Frame.
(NOTE: we are not SEBI registered, BEFORE INVESTING DO YOUR OWN ANALYSIS ALSO )
Welspun India Trend AnalysisRanked as world's largest home textile supplier.
Potential Multibagger!!
There is divergence in RSI on weekly and Stochastics is hitting the floor on monthly.
Sales declined since SEP 2021 with decline in OPM%.
A decline of more than 63% shows price has already factored in these fundamental aspects.
Net profitability has increased by 11.3%
Key support level is at 57 so its good to accumulate around this level.
Stop loss @ 45
Short term swing target @ 90 (57% ROI with 2.75 R:R)
Medium term positional target @ 150 (163% ROI with 7.75 R:R)
Long term positional target @ 207 (263% ROI with 12.5 R:R)
Do your own due diligence before taking any action.
Peace!!
Welspun India ReversalThe stock has reached lower trendline and may undergo a reversal rally. Trade is supported by brokerage calls and Supports Nearby.
Risk Reward Ratio - 2:1
SL is placed below support zone & the lower trendline. The target is placed near resistance.
bulliesh engulfing for 1 day welspun india buy 147 above and t1 150 because (1month r3 and 1 week r3 )
hold for long term ..... all time high is 170 final target for short term ....
only for educational purpose ...please analysis u r own stratergy
welspun indiaWELSPUN INDIA BREAKOUT WITH VOLUME
NOW ENTER IN THIS STOCK AT 79/73
WE SEEN 93/99/108+
VIEW INVALID BELOW 60 WCB SL
NOTE : ALL VIEWS ARE EDUCATION PURPOSE ONLY.
Medium Term Investment IdeaWelspun is in a long drawn Corrective structure. There is one wave to the upside which completes the correction. At the moment its in a flag formation. A sustained breakout from the current 240 min flag should take the stock higher towards the 90 zone.
