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Finnifty is doing dow theory bullish high candle breakout. Today being monthly expiry day, position rollover will make, next month series bullish and will target for 23700 spot level. The Option will see incremental rise in premium.

Welspun Enterprises Limited (WEL) , formerly known as Welspun Projects Ltd., is a part of the USD 2.7 billion Welspun Group. The Company operates in the infrastructure space with investments in oil & gas. In the infrastructure space, WEL is focused on the road and water sectors. While the Company’s main focus is on Hybrid…

Pure Price Action Analysis: Price in the monthly chart has created a Rounding Bottom shape. A Rounding Bottom is assumed to be a Reversal Pattern and forms at the beginning of an uptrend. The price has also been able to break the down trend line and retested it. This is also a Bullish Signal. And…

RANGE BREAKOUT ON DAILY CHART

Stock has been consolidating above short term moving averages and taking support since last few days which can be our stop loss while momentum indicators like RSI have given bullish crossover signaling a buy.