Buy Welspun Corp with target Rs 154: Mazhar Mohammad

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.

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