raigvivek

Daily Bullish Flag BO in Antony Waste Managment

Long
raigvivek Updated   
NSE:AWHCL   ANTONY WASTE HDG CELL LTD
Introduction:
The Company is part of the ‘Antony’ group which has diversified business interests, including in the automotive body-building and ancillary industries. The Company is one of the top five players in the Indian Municipal Solid Waste (MSW) management industry with an established track record of 17 years, providing full spectrum of MSW services which includes solid waste collection, transportation, processing and disposal services across the country, primarily catering to Indian municipalities. It is among the select few who have pioneered in MSW collection and transportation sector. It is among the key players in landfill construction and management sector with in-house expertise for landfill construction along with its management. It is also present in the emerging waste management area in India which is MSW based Waste to Energy (WTE)



Analysis
A Bullish Flag and Pole pattern is visible on the Daily chart of AWHCL . The Flag and Pole pattern is a bullish continuation pattern and it is visible in charts after a meaningful appreciation in the price.

MACD gave Positive crossover on Daily, Weekly and Monthly chart. So, expecting the momentum to continue.

One can create a fresh position in the scrip near Rs. 480-490 levels with the stoploss of Rs. 457 on Daily closing basis for the following targets 504.15, 514.25, 521.05, 540.15, 559.65, 587.50 and 606.60

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The information provided in this analysis is based on my personal interpretation of market conditions and the available data at the time of writing. It is subject to change without notice, and I cannot guarantee the accuracy, completeness, or timeliness of the information provided.

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Trade active:
1st target completed.....enjoy the money rain guysssss.............................

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