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Long on Welspun India for Short term
The stock reached ATH of 170.70 and then fell 62.68% to reach 63.70 on 11th May 2022. Since, it has been consolidating within a range.
Recently, i took support from lower end of the channel and gave a breakout from resistance trendline rising nearly 15% in 4 trading sessions.
The stock is trading above its 21 and 50 day EMA, but it is below 200 D EMA. Risky traders can enter @ 70, whereas safe traders may enter @ around 77 levels.
RSI is at 65, which indicates bullishness.
Maintain a Stop Loss of 70.50 on closing basis.
Potential: 15% to 43%
Recently, i took support from lower end of the channel and gave a breakout from resistance trendline rising nearly 15% in 4 trading sessions.
The stock is trading above its 21 and 50 day EMA, but it is below 200 D EMA. Risky traders can enter @ 70, whereas safe traders may enter @ around 77 levels.
RSI is at 65, which indicates bullishness.
Maintain a Stop Loss of 70.50 on closing basis.
Potential: 15% to 43%
註釋
Target 1 i.e. 84 achieved!!! Enjoy profits註釋
Touched high of 105 on 2nd May'23.Hence. 2nd Target stands achieved!!! :)
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