Intresting chart of the week. Webel Solar

This is not a very famous company, however, I am still fascinated with this chart. This company is in the business of producing Solar equipment's. Solar energy would be easily accessible for people in general and after a push from government for green energy, this stock should give good returns. This stock has given a up flag breakout at the same time breaking a downward channel. The volume shows smart investors might be taking positions in the stock. Currently the stock has major resistance around 122 and 163. We will review this stock around 163.

CMP - 108 (11/9/22)
T - 133, 166 W
SL - 95 W
View - Short term.

Komentarz:

Tested first resistance and consolidating