i have made a analysis by using few technical indicators and trend lines . My observations is as bellow.
1) Based on the trend line analysis- stock is following the up trend since 1 year
2) stock recently touched the trend line, took support and continued upward journey.
3) It is working in a very good support and resistance levels.
Conclusion :
1) can enter...
TRADE wisely.
WE CAN JUST PREDICT.
Disclaimer: I am not a SEBI registered advisor , so before entering on my view plz ask your SEBI Registered Advisor . Profit is your and loss is your.
RAKESH JHUNJHUNWALA HOLDS 8.04% STAKE AS PER VARIOUS WEBSITES
WABAG Given a Breakout on Weekly Timeframe from its 5 Years Descending Channel and have the potential to have 92% upside in 1-2 years.
NSE:WABAG
Wait for Retracement and Enter on Lower Timeframe.
WABAG consolidating in a tight range for last 8 week and volume is relatively low in down move (Daily chart).
Price consolidating near long term Resistance which is bullish sign and taking trendline support.
Potential upside target - 450, 540, 600
Downside is limited.
I'll wait for price close above 390 or a pullback near 330 to go long.
Techno-funda analysis.
1. Bullish flag and pole breakout.
2. Increasing volumes on breakout.
3. Quarterly sales increasing.
4. Good order book.
5. Backed by Rakesh Jhunjhunwala (Additional point).
Buy at CMP 393 for targets of 450/500 in medium term and 900+ for long term targets.
Company is focussed on water treatment for municipal and industrial users. The company has completed more than 6000 projects and is present across more than 30 countries.
Having globally customers, bright future in water treatment due to natural climates.
If anyone have more than 7yeras holding patience then Add in your portfolio my tgt for 5 yeras is 1000++ on...
WABAG - weekly chart shows perfect support - resistance interchange - as like textbook example.
History of WABAG weekly chart shows every time support breaks it acts as a resistance and vice versa.
Consolidation about the resistance can give a great BO, this time consolidation supports by strong volume burst also.
Resistance breakout can give good move or it...
Buy Above_383 {Price should sustain at least for 30 min above 383 level then go for buying}
SL_364 {only If Candle closes below 364}
Tgt_430
*Always Enter With good confirmation & Maintain proper Risk Reward.
******* Knowledge Purpose only ********
>> Visit My Ideas Page for Daily Stock Analysis & check my previous stock analysis how accurate they are for...
VA TECH WABAG LTD(M): CMP LOOKS FOOD FOR MORE UPSIDE. 1) MULTI-YEAR TRENDLINE RESISTANCE BREAKOUT. 2) RSI AND ADX ARE VERY BULLISH. 3) STRONG FUNDAMENTALS
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.
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 can look for tp of 328-330 on weekly tf positional basis
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