NSE: WELCORP is closing with a bullish consolidation breakout candle supported with volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been moving along the horizontal support for the past few days which is indicating demand.
One can look for a 8% to 12% gain...
welcorp is cup and handle chart pattern which ready to cross his 52 week high and set a new high for in next few days volume is good and given breakout on weekly chart
WELSPUN CORP Ltd Positional Long 6 Months to 1 year
Disclaimer: These levels are purely based on Price action/demand and supply zones & and consumed only for educational purpose & should not be taken as buy/sell recommendation. I will not be responsible for any loss/profit incurred if anyone takes trades based on my personal views. Please do your own...
A almost debt free company having good consolidation. Its contracts are back at full capacity. A subsidiary got listed in the middle east. Promotors have drastically increased their stake over the last few weeks. Consistant profit making company and clean management.
Good to accumulate and add above 120. Short term can give 10-15% returns above the break out...
