Technical Analysis of WELSPUN Stock- As per previous chart history and pattern along with my technical analysis with the help of Indicators, I suggest to buy this stock at CMP@41.16 or wait for a dip to enter buy trade
Moving Average with Different Time Frames
One Hour (H1) - Buy
Four Hour (H4) - Strong Buy
Daily (D1) - Strong Buy
Weekly (W1) - Strong Buy
Monthly (M1) - Strong Buy
Whereas Ocsillator is Neutral in all the time frames. Right now it seems that WELSPLSOL is in Mised Trend (Bullish/Bearish) but in long time frame from Daily , weekly to Monthly time frames it is Strongly Bullish.
All major points are mentioned below and also on the chart itself.
But I am Bullish in this stock from short term to long term investment plan
Do your own research before buying this stock as I am not SEBI registered person
Thanks for your support as always