Price: ₹873.05 (+4.68%)
The stock has broken out of a falling wedge/descending channel near ₹860–₹870.
Volume: Noticeable uptick (1.82M), confirming breakout strength.
If Fed cuts rates, global liquidity improves.
This benefits infra/metals/pipes companies like Welspun (exports + domestic infra demand).
Rupee stability and crude prices staying moderate will also help margins.
Trade plan: Accumulate ₹860–₹875 → SL ₹820 → Target ₹1,000–₹1,100
Expect volatility around Oct 30 earnings and Fed decision, but medium-term outlook remains positive.
Disc : Holding this stock @ 844.5
The stock has broken out of a falling wedge/descending channel near ₹860–₹870.
Volume: Noticeable uptick (1.82M), confirming breakout strength.
If Fed cuts rates, global liquidity improves.
This benefits infra/metals/pipes companies like Welspun (exports + domestic infra demand).
Rupee stability and crude prices staying moderate will also help margins.
Trade plan: Accumulate ₹860–₹875 → SL ₹820 → Target ₹1,000–₹1,100
Expect volatility around Oct 30 earnings and Fed decision, but medium-term outlook remains positive.
Disc : Holding this stock @ 844.5
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.