WABAG Making Bullish Flag, Symmetrical TriangleBuy 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.
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WABAG
WABAG - Beautiful example of Support - Resistance InterchangeWABAG - 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 can take positionally with the support as sl.
WABAG, good setup to go long on many good notes.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.
WABAG- Rekha Jhunjhunwala Portfolio Stock. 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 Rakesh and 'Re' for Rekha. It seems like the company name is the only place where is she given equal opportunity of merit whereas on Google and Wikipedia they have not given her any digital space of her own. I guess history will see down, yet another mysterious woman whose story could have benefited thousands if not millions, go undiscovered and unexplored. Holding% - 8.04%
VA Tech Wabag Ltd . engages in the design, supply, installation, and operational management of drinking water and wastewater treatment plants. It offers design, engineering, procurement, construction, erection, commissioning, operation, and maintenance solutions for drinking water, industrial wastewater, municipal wastewater, industrial and process water, seawater and brackish water desalination, and industrial and municipal wastewater treatment.
*FII/FPI have increased holdings from 13.16% to 14.52% in Dec 2020.
*Companies in Water Resource/Management
*Strong cash-generating ability from core business - Improving Cash Flow from operation for last 2 years
*Annual net profit declining for last 2 years
for more you can check the stock out on trendlyne.com/fundamentals/financials/1507/WABAG/va-tech-wabag-ltd/
Sources credit:
Trendlyne
INDICATORS USED:
1) Daily Lines Plots Daily 20 (BLACK) & 50 EMA (GREY), BLUE (200 DAILY EMA ) On Lower Time Frame Charts.
2) Valuation Band
KEYS: Red Faded Cloud: Over Valuation.
Grey Faded Cloud: Proper Valuation.
Green Faded Cloud: Under Valuation.
3) TE-REKAB - Proprietary Indicator
KEYS:
PB: Pullback
Blue Candle: Selling Divergence
Yellow Candle: Buying Divergence
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The analysis is my POV , in no way it is a buy-sell recommendation. Hope you got bucks in your pocket to consult a financial advisor before investing :P :)
HAPPY TRADING!!!
WABAG buy signal at 183 , 24% move to be expected 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