Welspun Corp Eyes ₹950! TP1 Hit, More Gains Ahead!

6 dic

Welspun Corp (WELCORP), on the 1-hour timeframe, has achieved TP1 and is showing a strong bullish trend, indicating potential movement toward TP2, TP3, and TP4. The Risological Swing Trading Indicator clearly identifies the trade setup with defined levels for an emotion-free strategy.

Welspun Corp Key Levels:

TP1: 764.60 ✅
TP2: 835.35 (Pending)
TP3: 906.10 (Pending)
TP4: 949.85 (Pending)

Welspun Corp Technical Analysis:

• The entry point was at 720.90, and the trade setup was confirmed as the price crossed above the Risological Trend Line, signifying a bullish continuation.
  
• A safe stop-loss was placed at 685.55, ensuring effective risk management.
  
• The current consolidation near TP1 suggests a likely breakout to higher levels, with TP2 and TP3 being immediate targets.
  

As momentum builds, traders should watch for signs of trend continuation or reversals near TP levels for maximizing gains.