Welspun Living (NSE: WELSPUNLIV) is showing a potential bullish reversal after bouncing off a long-term descending trendline support. This level has previously triggered strong upward swings.
The chart also shows a bullish RSI divergence, indicating waning selling momentum. A breakout above immediate resistance (~₹115–₹117) could lead to a swing move towards ₹125–₹130.
Key support lies at ₹105. Watch for volume confirmation and RSI strength for entry validation. 📈
Please note: This chart reflects my analysis only—not a trading recommendation. Always conduct your own research before acting and consider your risk tolerance. You’re responsible for your own investment decisions.
The chart also shows a bullish RSI divergence, indicating waning selling momentum. A breakout above immediate resistance (~₹115–₹117) could lead to a swing move towards ₹125–₹130.
Key support lies at ₹105. Watch for volume confirmation and RSI strength for entry validation. 📈
Please note: This chart reflects my analysis only—not a trading recommendation. Always conduct your own research before acting and consider your risk tolerance. You’re responsible for your own investment decisions.
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Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.