Welspun Corp
CMP -219
No clear direction .
As of now, don’t see anyjing special on it except that it is sitting on a crucial support (40 WMA) , it it breaks this then we can see it touching lower end of the channel ie.195-205.
And on upper side ,it has few strong resistances in the range of 235-245. It needs to close above these at least for 1-2 weeks if it has to move up. It failed to sustain longer-time-frame break-out in last few weeks.
Weekly Chart
Disclaimer :This post is just for learning few methods of price-patterns. Views are personal. No buy/sell recommendations. These are probability study methods and chances of success/failure depend upon v
| Subscribe To Our Free Newsletter |
