Welspun Living Ltd – (Daily): Breakout Setup

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Welspun Living Ltd – (Daily): Breakout SetupWelspun Living LimitedNSE:WELSPUNLIVselvimohanWelspun Living Ltd – Daily Chart Breakout Setup After spending nearly 15 months in a broad consolidation range, Price is attempting to break above the upper boundary of a long-term trading range. Multiple rejections near ₹145 are being challenged again, increasing the probability of a decisive breakout. Volume participation has started improving during the recent advance, suggesting institutional interest. A successful close above the resistance zone with expanding volume during the breakout could trigger a fresh markup phase. ✅ Entry: Above ₹146 on a convincing breakout and close. 🛑 Stop Loss: ₹127 (below recent swing support). 🎯 Target Zone: ₹200–202 Approximate R:R = 1:3 This is a trade setup for educational purposes only. Manage risk according to your trading plan and position sizing rules.