Moneycontrol
Last Updated : Jan 14, 2019 11:22 AM IST | Source: Moneycontrol.com

Buy Welspun Corp with target Rs 154: Mazhar Mohammad

Positional trades should buy into this counter for a target of Rs 154 with a stop below Rs 129 on a closing basis.

Moneycontrol Contributor @moneycontrolcom
 
 
live
  • bselive
  • nselive
Volume
Todays L/H
More

Mazhar Mohammad

Welspun Corp appears to have posted a short-term bottom around Rs 130 levels as it is moving in a narrow range for the last 6 sessions after

retracing 62 percent of its rally from the lows of Rs 116–164.

Hence, on resuming the upward move from the said base it can eventually test its interim top of Rs 160 levels. Hence, positional trades should buy into this counter for a target of Rs 154 with a stop below Rs 129 on a closing basis.

Disclaimer: The views and investment tips expressed by investment expert on Moneycontrol.com are his own and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.
First Published on Jan 14, 2019 11:22 am
More From
Loading...
Sections
Follow us on
Available On
PCI DSS Compliant