Book profits in Welspun Corp at 220: Sandeep Wagle
"So one can if one is in, be in with a stop of around 190 and around 220, look at booking profits. "
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| Updated: Sandeep Wagle, Founder & MD, APTART Technical Advisory Services, in an interview with ET Now talks about Welspun Corp.
What is the call on Welspun Corp?
The pattern is definitely up, it is not looking weak. I do not see that kind of volumes and that kind of momentum but I see the price move to somewhere around 218-220 where there is a 200-day moving average where it may face some resistance but you are right, the news is not being factored in. I do not see that volumes where there is a rush to buy this stock. So one can if one is in, be in with a stop of around 190 and around 220, look at booking profits.
What is the call on Welspun Corp?
The pattern is definitely up, it is not looking weak. I do not see that kind of volumes and that kind of momentum but I see the price move to somewhere around 218-220 where there is a 200-day moving average where it may face some resistance but you are right, the news is not being factored in. I do not see that volumes where there is a rush to buy this stock. So one can if one is in, be in with a stop of around 190 and around 220, look at booking profits.
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