VA Tech Wabag LTD Analyasis on 11 Apr 24
formation of CUP & HANDLE
add small quatity now
try to buy on dip till 700-750
Keeep stoploss 630
target 800 - 850 -900 -950 -1000-1100 - 1200
cup and handle target 1300
The stock is forming a beautiful rounding bottom pattern similar to which was formed in zomato few weeks earlier and it showed great rally from there , same can happen with this stock moreover the stock is testing the crucial resistance of 809 which can be broken soon , upon breaching it 978 levels can be achieved and 1360 thereon , however the fundamentals of...
#WABAG trading above Resistance of 780
Next Resistance is at 972
Support is at 598
Here are previous charts:
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose...
#WABAG trading above Resistance of 629
Next Resistance is at 780
Support is at 435
Here are previous charts:
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose...
The share jumped 9.25% on December 12, 2022 to touch a 52-week high of Rs 374.90. It then fell by nearly 19% to a low of 304.55.
It took support from lower support trendline of the rising wedge to reach CMP of 356.70 rising 17.12%.
The stock is trading above all short term and long term moving averages.
An inverse Head and Shoulders kind of pattern can be...
The above information does not constitute investment/trading recommendation and it is purely for educational purpose. Please check the Strategy below...
SWING Trading Strategy:
Position is created, only upon stock closing above the entry price on day closing basis and is held on for 5-10 trading sessions for larger gains (5-10%)
INTRADAY Trading...
#WABAG trading above Resistance of 522
Next Resistance is at 629
Support is at 400
Here is previous chart:
Chart is self explanatory. Entry, Resistances and Support are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your...
With a large order book..O&M business starting to grow..
The potential in Saudi Arabia going ahead. Chennai Desal plant + hopefully more such plants in India.
The stock could move ahead a lot more.
Long above 660 with a SL below 620.
A new breakout after a short consolidation.
VA Tech Wabag Limited is a holding company engaged in design, supply, installation, construction and operational management of drinking water, waste water treatment, industrial water treatment and desalination plants.
Stock with good financial performance alongside good valuation.
Highly undervalued stock:
Piotroski score: 8
Mkt Cap (Rs. Cr.): 1,982
TTM...
NSE:WABAG
✅ #WABAG trading above Resistance of 522
✅ Next Resistance is at 629
Related charts:
Charts are self-explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not...
BUY AROUND CURRENT MARKET PRICE @ 545
STOP LOSS CLOSING BELOW @ 500
TAREGT 1 @ 650
safe traders can exit if they are earing around @8-12% on trade.
we trade on price action only.
Please look into the chart for a detailed understanding.
Consider these for short-term & swing trades with 2% profit.
For BTST trades consider booking
target for 1%-2%
For long-term trades look out for resistance drawn above closing.
Please consider these ideas for educational purpose
Please note that, if there are some big targets, those are drawn thinking...
