Vatech Wabag - Orders incoming
As per management they should get some large orders over the next couple weeks. (Esp the Chennai order) which could move the price of the stock much much higher.
The company is also learnt from the past and is changing its model so that could do well for the company going ahead.
If they can keep up to their word this business could start to see good times and a rerating.
Also the stock could break above its AVWAP of 340 and eventually form an inverted head and shoulder around 375..
I plan to buy this stock above 343 with a stoploss below 300. 50% allocation up front and then again 50% above 375 if and when it breaks out..
I want to buy before the announcement because i believe there might actually be a sell-off on the announcement day..
The company is also learnt from the past and is changing its model so that could do well for the company going ahead.
If they can keep up to their word this business could start to see good times and a rerating.
Also the stock could break above its AVWAP of 340 and eventually form an inverted head and shoulder around 375..
I plan to buy this stock above 343 with a stoploss below 300. 50% allocation up front and then again 50% above 375 if and when it breaks out..
I want to buy before the announcement because i believe there might actually be a sell-off on the announcement day..
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