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Welspun - nearing crucial support level (Triple bottom)

93
Reversal could be on cards as the scrip to managed to thrice, pullback from crucial support level in past 3 months
TP = 85, 94 Managing to break the resistance level 2 as earlier if nifty supports beyond 9600, bulls should manage to pull near 52 week highs
William% also in oversold stage
Nota
Doji candlestick formed around resistance-1
Will be taking call after wait & watch as the momentum can go either ways after large green candlestick engulf and then, doji formation thereafter..
Surging up could be breakout from channel and TP towards resistance - 2
syot kilat
Nota
Will start trading towards short TP (resistance - 2) and beyond after wait and watch as morning star can be seen presuming bulls in control
syot kilat

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