ANTONY WASTE - RISING WEDGE FOLLOWED BY FALLING WEDGE (BO)

Jun 26

Hi All,

This idea is about Antony Waste Handling Cell Ltd

Fundamentals

Market Cap - 1419 Cr
Stock PE - 16.5
ROE - 16.3
ROCE - 13.9
Promoter Stake - 46.1
Quick Ratio - 1.3
D/E - 0.78

Antony Waste Handling Cell Ltd is engaged in the business of mechanical power sweeping of roads, collection and transportation of waste, waste to energy project and undertake the designing, construction, operation and maintenance of the integrated waste management facility in Kanjurmarg, Mumbai.

Technicals

Since June 23, the price action followed a rising wedge & then the pattern changed to falling wedge since Feb 24. With the Daily price action it seems to be coming out of falling wedge formation & developing a new pattern

Immediate targets are marked as T1 and T2. Would suggest the price to rise atleast 3% post closing to confirm the continuation.

Happy Trading,

Thanks,
Stock-n-Shine

Jun 27

Trade active

4% Up, trading at 521 levels

Jul 1

Trade active

First Target T1 achieved

Jul 5

Trade closed: target reached

AWHCL second target achieved, Some profits can be booked

Jul 24

Trade closed: target reached

ALL TARGETS ACHIEVED, BECAME A 2X BAGGER SINCE RECOMMENDED

GREAT MOVE TODAY OF 13%