weslpun living cmp 130 a big bounce higher high higher low on weekly chart long term channel. strong possible target 800
WELSPUNLIV trade ideas
WelspunLiv - Possible to reach 215 - 250WelspunLiv has shown increase in volume,
MACD levels are rising
With Cypher pattern formation it has next resistance at 180.
Any day candle close above 180 will have next target of 200 / 215.
Above 213 it has potential for 230 / 250
WELSPUN LIVING LTD S/RSupport and Resistance Levels:
Support Levels: These are price points (green line/shade) where a downward trend may be halted due to a concentration of buying interest. Imagine them as a safety net where buyers step in, preventing further decline.
Resistance Levels: Conversely, resistance levels (red line/shade) are where upward trends might stall due to increased selling interest. They act like a ceiling where sellers come in to push prices down.
Breakouts:
Bullish Breakout: When the price moves above resistance, it often indicates strong buying interest and the potential for a continued uptrend. Traders may view this as a signal to buy or hold.
Bearish Breakout: When the price falls below support, it can signal strong selling interest and the potential for a continued downtrend. Traders might see this as a cue to sell or avoid buying.
20 EMA (Exponential Moving Average):
Above 20 EMA(50 EMA): If the stock price is above the 20 EMA, it suggests a potential uptrend or bullish momentum.
Below 20 EMA: If the stock price is below the 20 EMA, it indicates a potential downtrend or bearish momentum.
Trendline: A trendline is a straight line drawn on a chart to represent the general direction of a data point set.
Uptrend Line: Drawn by connecting the lows in an upward trend. Indicates that the price is moving higher over time. Acts as a support level, where prices tend to bounce upward.
Downtrend Line: Drawn by connecting the highs in a downward trend. Indicates that the price is moving lower over time. It acts as a resistance level, where prices tend to drop.
Disclaimer:
I am not a SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. Consider the broader market context and consult with a qualified financial advisor before making investment decisions.
WELSPUNLIVDisclaimer:
This is not financial advice. Please do your own research or consult with a financial advisor before making any investment decisions. Investments in stocks can be risky and may result in loss of capital.
Cup With Handle Pattern
* 4 Year Consolidation touched on resistance multiple times trend line Year Oct-20 TO July-24.
* Expected To reach at the next level. Price level - 361.
Welspun LivingWelspun Living can consolidate more at this level and then move higher.
One can Initiate the trade at the level as risk reward is favorable.
Targets around: 230-250
Stop Loss: 140
take look at wellspun (positional )
FED intarest cut around the corner, consumer demand may shut up in the west.
Comapnay earning through export
classical curv ormed by stock target not achieved yet
I am looking for 240 for positional
200 swing
SWING IDEA - WELSPUN LIVING Welspun Living , a leading company in the home textiles sector, is presenting a compelling swing trading opportunity based on several key technical indicators.
Reasons are listed below :
Head and Shoulder Pattern Breakout : The price has broken out of a head and shoulder pattern, indicating a bullish reversal and potential for further upward movement.
170 Resistance Zone Breakout : The 170 level was a significant resistance zone. The price has broken out above this level and is sustaining, indicating strong bullish momentum.
Bullish Marubozu Candle with a Strong Close : The recent formation of a bullish marubozu candle with a strong close signifies strong buying pressure and suggests potential for continued upward movement.
Breaking 3+ Years of Consolidation : The stock is breaking out of a long consolidation phase that lasted over three years, signaling the start of a new bullish trend.
Gradual Increase in Volumes : A noticeable increase in trading volumes confirms the strength of the price move and indicates growing investor interest.
Trading Above 50 and 200 EMA on Weekly Timeframe : The stock is finding support at both the 50-week and 200-week exponential moving averages (EMA), reinforcing the overall bullish sentiment and providing strong support levels.
Trading at All-Time High : The stock is trading at its all-time high, suggesting strong market confidence and potential for further gains.
Target - 200 // 250
Stoploss - weekly close below 145
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@visionary.growth.insights
Welspun Living monthly time frame analysisWelspun Living formed Cup n Handle Pattern in monthly time frame analysis it seems breakout of 170 resistance level with monthly candle if price sustain above 170 more upside possible till 466 approx as per pattern target. Happy Trading.
A very good breakout with the strong volumeIf you see this chart RSI both weekly and monthly chart is above 60 and volume also hues in the last candle and resistance also break build the used volume huge volume so this chart is must read carefully you can see very nice successful breakout which already done a new high will be on pipeline
#WELSPUNLIV is breaking out#WELSPUNLIV broke out after >2.7 years of facing resistance. Also, it is forming a cup and handle pattern and looks very bullish as the volumes are also supporting the breakout.
In my opinion, we can long here with a target of 300 and SL of 150.
Do your own research before investing.
WELSPUN LIVINGThis stock breakout 3 years resistance level with good consolidation breakout TGT and SL are mation in chart
this just for educational purpose only
WELSPUN LIVINGThis stock breakout 3 years resistance level with good consolidation breakout TGT and SL are mation in chart
this just for educational purpose only
Weekly breakout good target Weekly cup and handle pattern going to breakout
The entry price: 170
Target Price: 150
Profit: 80 Rupees
SL: 150 (if risk-taking capacity is high then wait for 135)
Welspun living : CMP 153.66-Stock looking good for swing trade (15-20% ) as well as long term.
-it has made pole and flag pattern on weekly chart and going to make cup and handle pattern with increasing volumes.
-Safe trader take entry after breaking its ATH.
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-annual Profits are increasing .
-PE ratio 22 is very low as compare to industry PE which 56
-FII holding 7%.
.
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Only for educational purpose
Do not keep SL more than 10%
WELSPUN LIVINGAfter making a Double bottom , the price is trading at the ATH level. wait for a confirmed breakout before Investing.
( Note : Published for Educational purpose , not a Buy/Sell recommendation )
WELSPUNLIVIn Welspunliv, a three-year cup and handle formation is visible, indicating a strong pattern supported by good fundamentals
Trade Idea in WELSPUNINLIV Here we can see a Swing Trade Idea in NSE:WELSPUNLIV
CMP 155
TP 184
SL 134
welspun livingWelspun India Ltd. (WIL) a Welspun Group company, started its activities in 1985 as Welspun Winilon Silk Mills Pvt. Ltd, a synthetic yarn business which went on to become Welspun Polyesters (India) Ltd. and finally, Welspun India Limited emerged in the year 1995.
The company offers a variety of products like towels in different sizes and qualities, bed linen using state of the art technology and the best quality of Egyptian cotton. Launched organic products utilizing the benefits of Soya, Seaweed, milk and Bamboo.
WIL is Asia 's largest and amongst the top 4 Terry Towel producers in the World. Its business is spread across continents and a distribution network in 32 countries, like USA, UK, Canada, Australia, Italy, Sweden and France. 94% of the total products are exported.
The company is the preferred supplier to 14 out of top 20 retailers in the world. It endeavors to reach the leadership position in each segment / sector of its product / service. The company is committed to satisfy its customers by providing such quality product / service, which gives highest value for money. Welspun believes that employees are its most important asset through which it can reach the top in each category of its product / service. Therefore, the company will emphasize on their continuous improvement through upgradation of relevant knowledge and training.
Welspun Terry Towels with the inexhaustible range and the claim to produce the softest towels, are engineered to the requirements of the consumer. Highly absorbent and long lasting towels are produced in a range of colours, which state to defy imagination.
Today WIL is a $400 million company with manufacturing facilities in the US, UK, India, Mexico and Portugal, which is expected to become a $1 billion company by the year 2010.
Product range of the company includes:
Bath -Embroidered Towels -Sublistatic -Stripes -Bathrobe
Bed -Bed Linen
Rug -Embroidered Towels -Sublistatic -Stripes
Top of Bed -Embroidered Towels -Sublistatic
Cup & handle pattern BO ( 3 years BO) WelspunlvgCup & handle pattern BO ( 3 years BO) in Welspun living above 170 on daily closing basis
Holding period for 3-6 months
WELSPUNLIV longThe scrip is being contracted on weekly ema, if a breakout occurs then it can give a huge upside move. the stock is coming out of a fvg, however there is a resistance right above, it may face some resistance near 165 levels. There is an entry, however I have not given a stop loss as market sentiment are very volatile. Please use a stop loss accordingly to your risk tolerance. This is not a buy sell reco, do your own research. NSE:WELSPUNLIV
WELSPUN LIVING Long10-Feb-2024
Buy WELSPUN LIVING above 170.65
Target of 185-206-231-270-347
SL 115.50
Strategy : SBO + RSI > 60 + EMA above 20 & 50
Duration few weeks
Please consult your financial advisor before investing
All research for educational purposes only.
Stock is ready to cross past barriers with good volumes
