Trade Alert: Welspun Living

13 set

I’ve spotted an interesting setup with Welspun Living that could offer a significant opportunity. We’re seeing a classic flag and pole pattern, which has recently broken out on the weekly chart. This suggests a potential upside movement of around 70% based on historical performance of similar patterns.

🔍 Analysis:

Pattern: Flag and Pole Breakout
Breakout Point: 178
Target: Potential upside of 70%
📊 Technical Indicators:

Strong volume increase during breakout
Support from moving averages
⚠️ Risk Management:

Consider placing a stop-loss at 165 to manage downside risk.
Ensure proper position sizing based on your risk tolerance.

📅 Market Context: Welspun Living manufactures and sells a range of home textile products, including bed linens, towels, and other textile-based home products.
Market: They cater to both domestic and international markets, providing products to retail chains, wholesalers, and directly to consumers.

Let me know your thoughts or if you have any questions about this setup!