Delivery Buy WELENT cmp 328. 13% Upside PotentialDelivery Buy WELENT cmp 328.
Target 345, 352, 371
13% Upside Potential
Weekly breakout, high potential movement.
Technically bullish
WELENT trade ideas
MyPOV@WELNET - Welspun EnterpriseWELNET has been exhibiting a sustained bullish momentum for an extended period, characterized by a consistent formation of higher highs. After a recent consolidation phase, the script has demonstrated a notable breakout today, accompanied by a substantial surge in trading volume.
Key Technical Points:
Higher High Pattern: The script has consistently formed higher highs, indicating a strong and persistent upward trend.
Consolidation Phase: Following the bullish momentum, the script experienced a period of consolidation, which is a common occurrence in market dynamics.
Breakout with Volume Surge: Today's trading session marked a significant breakout, supported by a considerable increase in trading volume. This suggests strong market participation and potential continuation of the upward trend.
Rising Relative Strength (RS): The Relative Strength (RS) indicator has been steadily increasing, reinforcing the bullish outlook for the script.
Disclaimer: The has been exhibiting a sustained bullish momentum for an extended period, characterized by a consistent formation of higher highs. After a recent consolidation phase, the script has demonstrated a notable breakout today, accompanied by a substantial surge in trading volume.
WelentThese are swing ideas which you can add your watchlist and analysis for yourself !
Keep on your radar!
This content only education purpose!
❗I am not sebi ragister❗
Low risk entry for huge target Entry CMP or choice
Stop loss 3%
Breakout trading implementation:
1. **Identifying New Trends:** Breakout trading helps traders identify the beginning of new trends by focusing on price levels where an asset breaks out of its historical trading range.
2. **Volatility Indicator:** Breakouts often occur when there's increased volatility in the market. Monitoring breakouts can provide insights into shifts in market sentiment and potential price movements.
3. **Entry Points:** Breakout points serve as potential entry points for traders looking to ride the momentum of a newly established trend. Buying on a breakout can capture the early stages of a price movement.
4. **Confirmation of Strength:** Successful breakouts indicate the strength of a trend. If an asset breaks out with high volume and follows through with sustained price movement, it suggests a strong trend in that direction.
5. **Avoiding False Signals:** Breakout strategies often include using indicators or confirmation signals to avoid false breakouts. This can enhance the accuracy of trade decisions.
6. **Defined Risk and Reward:** Breakout trading allows for setting clear stop-loss levels below the breakout point, which helps manage risk. Traders can also calculate potential profits based on the distance between the breakout point and a projected target.
7. **Adaptable to Various Markets:** Breakout trading can be applied to various markets, including stocks, forex, commodities, and cryptocurrencies. The concept remains consistent across different assets.
8. **Flexibility:** Traders can adapt breakout strategies to their preferred timeframes, whether they are day traders, swing traders, or long-term investors.
9. **Liquidity Opportunities:** Breakout points are often associated with increased trading volume, which can provide better liquidity for executing trades.
10. **Risk vs. Reward Assessment:** Traders can evaluate the potential risk of a trade (stop-loss) against the potential reward (target price), aiding in decision-making and portfolio management.
11. **Psychological Advantage:** Successful breakout trades can boost a trader's confidence and discipline, reinforcing the effectiveness of their strategy.
12. **Market Events:** Breakouts can occur around significant market events such as earnings reports, economic data releases, or geopolitical developments, offering traders opportunities to capitalize on sudden price movements.
Remember, while breakout trading offers potential advantages, it also carries risks. False breakouts and market reversals can lead to losses. Successful implementation requires a solid understanding of technical analysis, risk management, and the ability to adapt to changing market conditions.
52W High BreakoutPlease look into the chart for a detailed understanding.
Consider these for short-term & swing trades with 2% profit.
For BTST trades consider booking
target for 1% - 2%
For long-term trades look out for resistance drawn above closing.
Please consider these ideas for educational purpose
WELENT - Weekly AnalysisIn the Weekly Chart of WELENT ,
we can see that, after the breakout of Inverted H&S Pattern.
It has retested and we can see recovery in W pattern.
Welspun enterprises Cup and handle breakoutWelspun enterprises has given cup and handle breakout, will face resistance at 144-145 which apparently is its 52 week high
Breakout Breakout candidate, head & shoulder a long time and finally at the verge of break out & the target price is around the depth of the head on the chart.
Welspun- A good buying opportunityWelspun India is about to boom!!
- The MACD line is above the Signal line
- RSI is about to cross 60
- Supertread is in green
- 5 DMA is cutting 26 DMA
Most Indictors are showing good strength
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Welspun Enterprises - Major Bounce off Support. Welspun Enterprises kissed the major support line yesterday and had a good bounce. Expect some short term bounce for next 1-2 weeks for 10-15% gains, as there's momentum. For next few months it's going to consolidate side ways in range 93-134 before big breakout or breakdown.
WELSPUN ENTERPRISE WEEKLY CHART INVERSE HEAD AND SHOULDER PATTERN . NECKLINE BROKEN , READY TO BLAST . 132-135 FST TGT . 187-190 TGT 2
Inverted Head and shoulderInverted head and shoulder is formed. Company has partnered with adani. A very low PE company. Good oder book. Can trade with stop loss of 117 in weekly chart.
welspun industries, buy 115, target 139,172,194technical- very bullish candle with very heavy volume on weekly frame
welspun has entered into oil exploration field in partnership with adani.
Welent - Intraday / Swing Trade SetupWelent CMP – 75.85
Looking bullish and one can go long on this stock for Intraday / Swing trade setup with the following entry, exit & stop loss.
Buy range 76 - 76.50 / Stop Loss 74
Target 1 - 79
Target 2 - 82
Target 3 – 85
Note: This is my view and for educational purpose only
Welspun - All Is WellWelspun broke out of consolidation with huge volume, the price may test previous highs & likely to move ahead. The pattern would fail on close below 140. Dips towards 160-155 should be used to get in the stock.
Welent Breakout & retest Done buy Target 200+++Superb Chart perfect 6 year breakout & successfully test the breakout zone buy CMP 118 or any Dip Comes & hold for Target 200++++++++++
