📊 Welspun Corp Ltd – Strong Bullish Breakout Momentum
The stock is witnessing a powerful uptrend with continuous bullish candles, indicating strong buying interest and momentum continuation.
🔎 Technical Observations:
• Strong breakout from consolidation zone
• Formation of higher highs & higher lows
• Sustained rally above key moving averages/support zones
• Sharp bullish momentum with volume expansion
• Momentum indicators remain strongly positive
🔑 Key Levels to Watch:
• Immediate Support: ₹1,250 – ₹1,220
• Major Support: ₹1,170 – ₹1,130
• Immediate Resistance: ₹1,300 – ₹1,320
🚀 Upside Targets:
• ₹1,380
• ₹1,450
• ₹1,520+
📉 Risk Scenario:
Breakdown below ₹1,220 may weaken short-term bullish momentum and lead to downside towards ₹1,170
📈 Trading View:
👉 Stock is in a strong bullish trend with sustained momentum
👉 Fresh breakout above ₹1,320 can trigger another sharp rally
👉 Trend remains positive until key support zones hold
⚠️ For educational purposes only.
— AALGO BREATHS 📊