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SWING IDEA - WELSPUN LIVING

업데이트됨

Welspun Living, a leading company in the home textiles sector, is presenting a compelling swing trading opportunity based on several key technical indicators.

Reasons are listed below :

Head and Shoulder Pattern Breakout: The price has broken out of a head and shoulder pattern, indicating a bullish reversal and potential for further upward movement.
170 Resistance Zone Breakout: The 170 level was a significant resistance zone. The price has broken out above this level and is sustaining, indicating strong bullish momentum.
Bullish Marubozu Candle with a Strong Close: The recent formation of a bullish marubozu candle with a strong close signifies strong buying pressure and suggests potential for continued upward movement.
Breaking 3+ Years of Consolidation: The stock is breaking out of a long consolidation phase that lasted over three years, signaling the start of a new bullish trend.
Gradual Increase in Volumes: A noticeable increase in trading volumes confirms the strength of the price move and indicates growing investor interest.
Trading Above 50 and 200 EMA on Weekly Timeframe: The stock is finding support at both the 50-week and 200-week exponential moving averages (EMA), reinforcing the overall bullish sentiment and providing strong support levels.
Trading at All-Time High: The stock is trading at its all-time high, suggesting strong market confidence and potential for further gains.

Target - 200 // 250
Stoploss - weekly close below 145

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@visionary.growth.insights

노트

made a high of 8%++

노트

made a high of 12%, hold!

노트

accumulate

노트

consolidating near our entry price, hold!

노트

close to our 1st target, made a high of 15%++

거래청산: 타겟 닿음

1st target achieved : 22%++