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WELSPUN CORP LTD

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WELCORP trade ideas

Welspun Corp Eyes ₹950! TP1 Hit, More Gains Ahead!Welspun Corp (WELCORP), on the 1-hour timeframe, has achieved TP1 and is showing a strong bullish trend, indicating potential movement toward TP2, TP3, and TP4. The Risological Swing Trading Indicator clearly identifies the trade setup with defined levels for an emotion-free strategy. Welspun Corp Key Levels: TP1: 764.60 ✅ TP2: 835.35 (Pending) TP3: 906.10 (Pending) TP4: 949.85 (Pending) Welspun Corp Technical Analysis: The entry point was at 720.90, and the trade setup was confirmed as the price crossed above the Risological Trend Line, signifying a bullish continuation. A safe stop-loss was placed at 685.55, ensuring effective risk management. The current consolidation near TP1 suggests a likely breakout to higher levels, with TP2 and TP3 being immediate targets. As momentum builds, traders should watch for signs of trend continuation or reversals near TP levels for maximizing gains.
NSE:WELCORPLong
by ProfitsNinja
Darvas Box Strategy - Break out Stock - Swing TradeDisclaimer: I am Not SEBI Registered adviser, please take advise from your financial adviser before investing in any stocks. Idea here shared is for education purpose only. Stock has given break out. Buy above high. Keep this stock in watch list. Buy above the High and do not forget to keep stop loss, best suitable for swing trading. Target and Stop loss Shown on Chart. Risk to Reward Ratio/ Target Ratio 1:2 Stop loss can be Trail when it make new box / Swing. Be Discipline, because discipline is the key to Success in Stock Market. Trade what you See Not what you Think.
NSE:WELCORP
by AnsariTV
WELSPUN CORP LTD S/RSupport and Resistance Levels: Support Levels: These are price points (green line/share) 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: 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.
NSE:WELCORP
by zenthosh
Consolidation Breakout - WELCORP📊 Script: WELCORP 📊 Sector: Steel 📊 Industry: Steel - Large Key highlights: 💡⚡ 📈 Script is giving consolidation breakout on daily chart. 📈 One can go for Swing Trade. ⏱️ C.M.P 📑💰- 696 🟢 Target 🎯🏆 - 756 ⚠️ Stoploss ☠️🚫 - 663 ⚠️ Important: Always maintain your Risk & Reward Ratio. ✅Like and follow to never miss a new idea!✅ Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes. Eat🍜 Sleep😴 TradingView📈 Repeat 🔁 Happy learning with trading. Cheers!🥂
NSE:WELCORPLong
by radha_23
welcorp monthly chart Welcorp Stock Breaks 2007 High: Navigating the Opportunity Welcorp's stock recently surpassed its 2007 high, creating a buzz among investors and traders. This achievement suggests that the stock is entering a potentially sustained uptrend. With the potential for gains estimated at 80% and a risk of around 24%, it's crucial to have a comprehensive trading plan to capitalize on this opportunity while managing potential risks. Trading Plan Welcorp's breakout indicates a positive market sentiment, offering an 80% potential upside. However, trading always involves risks, and in this case, the risk is approximately 24%. To make the most of this opportunity, you can employ technical analysis tools to guide your decisions. Risk Management An effective way to mitigate risk is by using a stop-loss order. Given the volatile nature of the stock market, setting a stop-loss at a level that aligns with your risk tolerance can help limit potential losses. To enhance this approach, consider the following strategies: Trailing Stop-Loss with Supertrend: The Supertrend indicator can be used to set a trailing stop-loss. This method allows you to lock in gains while providing flexibility to ride the trend as long as it lasts. As the stock price rises, the Supertrend will adjust, enabling you to capture more profits while reducing the risk of sudden reversals. Monitoring the RSI Trendline: The Relative Strength Index (RSI) is a helpful tool for gauging market momentum. If the RSI trendline breaks, it might indicate a shift in sentiment, prompting a potential exit or reevaluation of your position. Keeping an eye on the RSI trendline even after hitting your target can help you stay in tune with the broader market trend. Beyond the Target Even after your target is achieved, it’s wise to continue monitoring the stock's performance using both the Supertrend and the RSI trendline. This approach helps you decide whether to maintain your position or exit. If the Supertrend starts to turn or the RSI trendline breaks, it could be a sign that the trend is weakening, suggesting that it might be time to take profits or cut losses. Conclusion Welcorp's breakthrough above its 2007 high is a notable event, offering significant upside potential. However, trading success relies on careful risk management and constant monitoring of market indicators. By using a combination of trailing stop-loss with Supertrend and closely watching the RSI trendline, you can effectively manage your risk and adapt to changing market conditions. Stay alert, and let’s see how this trend unfolds, with an eye toward capturing gains and minimizing risks.
NSE:WELCORPLong
by prince13amit