Hie, In this portfolio specific series, we talk about some stock which top Indian investors hold.
In the limelight today we have Rekha jhunjhunwala. Her net worth is over Rs . 3,861.1 Cr .
She is the co-owner of the company 'RARE Enterprises' with her husband Rakesh jhunjhunwala. The name of the company is derived from the initials of the joint owners,'Ra' from...
WABAG is majorly involved in engineering equipments and NEXT GEN PROBLEM of waste water treatment solutions.
Charts showing good entry point for long term invetment on many note-
1. Inverted head & shoulder pattern on daily chart.
2. Good retest of long term support.
3. volumes are turning up.
#Just an analysis, do not consider a call. Match with your analysis.
I will go LONG on WABAG because:
1) The price is forming a Chanel or Rectangle Pattern .
3) The price is also under Support/Resistance zone.
4) It has touched the support and may reach the resistance zone .
5) Target would be the Resistance area . Book profit when it reaches the resistance zone .
Entry - 183
Target - 224/229
Stop loss - 170