Many of the readers were asking about few small cap stocks after the circuit limit increase last week.
I found this small cap Welplace Portfolio BSE Listed during my weekend study which has been consolidating for past few days in a small range and volumes has been increasing from past few session. Based on Pure Technical Analysis Stock can show a decent breakout above 25.
This is not an investment pick as I am not expert in Fundamental analysis but a short term pick for gain of 10-20% purely based on Technical Analysis.Please also do your own study before trading this stock and trade in small quantity.
Stock has been consolidating in a range of 22.2-25.3 from past few session and volumes have been shooting up in last few sessions.Breakout can happen on close above 25
Traders can go long above 25 for a target of 28 (25.35-22.2) SL of 22.2