Welspun Corp Ltd is the second largest manufacturer of large diameter pipes in the world based in Mumbai, Maharashtra. Its a flagship company of the $3 billion Welspun Group
As per the price chart we can see that it able to cross its 6 month high level today.
stock has done the 10-12 month consolidation at down level now.
with the chart we can clearly see that stock has able to fix its bottom now.
recently it able to move above the resistance levels, so its a indication of price is changing its trend on long term chart.
one can buy this if able to cross and close above 51.50 on chart with the support at 30 level for target till 65-95-125
as we can see RSI is already interinto the overbought zone, but not a big action in price yet, so stock can give up move after consolidation also, where it will try to take support at trend line, and then rsi will again try to move into the overbought zone.
so before crossing 51.5 if you get this stock near to 35-32 range then one can even buy with small sl.
if stock do consolidation in a range of 48-51.5 then one buy small qty. in this range, and next buy should be near support or after resistance level only.