WELSPUNIND
Considered below points before going long
* Price reacting from monthly Demand Zone.
* Volume is increasing towards resistance and volume decreasing towards supports gives indication of strong buying sentiments
* Hammer candle shown on chart suggest rejection of lower levels.
*price reacting from trend line and moving within long channel so if price breaks channel, fast movement of stock can be seen.
RR - 1:5+
Note - Above analysis is for study purpose only..
* Price reacting from monthly Demand Zone.
* Volume is increasing towards resistance and volume decreasing towards supports gives indication of strong buying sentiments
* Hammer candle shown on chart suggest rejection of lower levels.
*price reacting from trend line and moving within long channel so if price breaks channel, fast movement of stock can be seen.
RR - 1:5+
Note - Above analysis is for study purpose only..
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