ANTONY WASTE - RISING WEDGE FOLLOWED BY FALLING WEDGE (BO)
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
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
Trade active:
4% Up, trading at 521 levels