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Momentum Trading Picks: Welspun Corp & Himadri Speciality Chemic
WELSPUN CORP LTD
Long
Momentum Trading Picks: Welspun Corp & Himadri Speciality Chemic
Di GoodluckCapital
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10 lug
6
10 lug
Price went through a significant consolidation after a big rally.
Volume completely dried up during the consolidation phase.
Price recently broke out strongly, surpassing its resistance area.
Rising volume suggests buyers are becoming more interested in this stock.
A bullish MACD crossover confirms the strong momentum in price.
The price created a symmetrical triangle shape and stayed stable for a while.
There was no trading volume during this time.
Following the breakout, the price stabilized above the breakout point and then retraced.
After a successful retracement, the price is now moving upwards with significant trading volume.
A bullish MACD crossover confirms the strong momentum in price.
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