WABAG is forming a triangle pattern on the daily chart. The movement is very crucial. one can average at 186, 203. If it breaks these levels then further downfall expected until 150.
On a positive note, the price looks very strong and most probably it will try to find the breakout above 213 or 218. If this happened one can see an uptrend with resistance at 250, 270 and 310.
It's a good stock, can give handsome returns in coming days, suggest to HOLD and accumulate if we see the downtrend in coming days which is very unlikely.
Folks stock is settled today at 186 as predicted. Let's see what happened whether it fallow triangle pattern as suggested. Looking at bearish moribozu form today, the sentiment is very highly bearish. It will not be surprising if it breaks 186 and deforms the triangle pattern. If this happened then one should exit at a strict stop loss of 176.