Welspun Living CMP@165.45.Chart Setup Looks Bullish.
Stock In Secular Uptrend Making Higher Top Higher Bottom on Weekly Timeframe
After Making a High@212.95 Stock Has Retrace Towards Fibonacci Key Retracement level of 61.8%@155.50 (Weekly Low)
On weeklyTimeframe Stock Has Made a Spinning Bottom Candlestick which can be a potential Reversal Candidate
This Long Setup will fail if Stock Closes Below 150 on weekly closing Basis.
Disclaimer:-This is just a technical observation for educational Purpose.Not a Buy or Sell Recommendation .Pls. Consult Ur SEBI Registered Advisor for Any Buy or Sell Decision.
Stock In Secular Uptrend Making Higher Top Higher Bottom on Weekly Timeframe
After Making a High@212.95 Stock Has Retrace Towards Fibonacci Key Retracement level of 61.8%@155.50 (Weekly Low)
On weeklyTimeframe Stock Has Made a Spinning Bottom Candlestick which can be a potential Reversal Candidate
This Long Setup will fail if Stock Closes Below 150 on weekly closing Basis.
Disclaimer:-This is just a technical observation for educational Purpose.Not a Buy or Sell Recommendation .Pls. Consult Ur SEBI Registered Advisor for Any Buy or Sell Decision.
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