#Welspun.. Possible BO from rising wedge
As can be seen on chart there is a possible bearish BO from the rising wedge trend Welspun was following.. Plus it is hitting the strongest resistance..
However, the volumes are not very convincing for a trend reversal so wait for that confirmation..
It can also be a reaction right before earnings release ... but i do not think there is any insider/institutional selling yet because there are no volumes
Keep an eye on this one ..look for exit if you own a position..
However, the volumes are not very convincing for a trend reversal so wait for that confirmation..
It can also be a reaction right before earnings release ... but i do not think there is any insider/institutional selling yet because there are no volumes
Keep an eye on this one ..look for exit if you own a position..
منشورات ذات صلة
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.