After Making a double bottom after 33% correction.. Waterbase moving towards breakout Level... Closing with a high volume is positive for this stock.. Two Positional Target 109 and 121.. Not much fundamentals, so use strict SL as per your Risk..
The Waterbase Ltd - 28.12.2021 The stock is trading @ 101.20 levels let the prices go above 103 there was a hammer @ support yesterday (day's high = 100.95) stochastic oversold in monthly chart watch out for the price action
The Waterbase Ltd trading @ 107 levels let the prices go above 111.20 prices are above ema Watch out for the price action
Bought @471 | SL @453 Immediate TG @500 - Geojit has also came out with their BUY at 473 with 20% target in 12 months. So lets first target for T1 @ 500.
Water base is on a dwindling Descending pattern , with no supports at current levels , further support at 174-160 range, clearly bearish until it breaks the pattern and start moving up . One can wait until either 174-184 levels to buy or it should break the descending channel.