VA Tech Wabag: Inverse H&S on MTFVA Tech Wabag is consolidating and forming inverse head & shoulder pattern on monthly time frame. Keep on radar for closing above 405.
WABAG trade ideas
BREAKOUT - VA TECH WABAG LTDBUY - WABAG
CMP - Rs. 354
Target - 1: Rs. 515
Target - 2: Rs. 710
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Technical -
1) Trendline BO
2) Cup and Handle(nearing BO).
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Fundamentals -
1) VA Tech Wabag Limited (NSE:WABAG) is considered a reasonable investment option due to its current share price increase of over 10%. Its price-to-earnings ratio of 12.34x is lower than its industry peers’ ratio of 13.03x, indicating a fair valuation.
2) Additionally, the company is expected to see a profit growth of 42% in the next two years, which is encouraging.
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Bullish Trading Opportunity: Stock Trading in a Parallel ChannelThis stock has been exhibiting a bullish trend as it trades within a parallel channel on the upper side. The price has consistently bounced off the support line and continued to reach higher highs, indicating a strong upward trend. This presents a potential trading opportunity for traders looking to go long on the stock. With a clear support and resistance level, traders can set their stop-loss and take-profit levels accordingly. Keep an eye on the price action and any news that may affect the stock's performance. Overall, this looks like a promising bullish opportunity for traders.
Note: Please note that I am not a SEBI-registered financial advisor, and any trade ideas shared are solely for educational purposes. Trading in the financial markets carries a high level of risk and may not be suitable for all investors. It is important to conduct your own research and analysis and make trading decisions based on your own risk appetite and financial situation. Any trades you decide to make based on the information provided are at your own risk,
Break of multiple trendline1.Formation of cup pattern in 1day
2.Great resistance at 357 area
3.Chances of going up is high
RSI in place to rally
BTST Trade can expect 3-4%returns
Inverted H&S- Forming a IH&S Pattern and a Major TL has been taken
- Ascending Triangle as well
- Volume Rise on upside and dry up during pull back
- Wait for the neck line to be taken Decisively before taking a trade
Wabag long termAs long it holds the sloping TL. Trend is positive. Relative strength maintained. Fundamentally lots of changes happening. Order intake is solid.
WABAGWABAG
looking good for the long term it is forming head and shoulder pattern it break the level of 402 then it go for target of 648/972.
Vatech Wabag - Orders incomingAs per management they should get some large orders over the next couple weeks. (Esp the Chennai order) which could move the price of the stock much much higher.
The company is also learnt from the past and is changing its model so that could do well for the company going ahead.
If they can keep up to their word this business could start to see good times and a rerating.
Also the stock could break above its AVWAP of 340 and eventually form an inverted head and shoulder around 375..
I plan to buy this stock above 343 with a stoploss below 300. 50% allocation up front and then again 50% above 375 if and when it breaks out..
I want to buy before the announcement because i believe there might actually be a sell-off on the announcement day..
VA Tech Wabag VA Tech Wabag. After continues downfall from 900..stock touch the bottom of 70. Now on bottom inverse H&S pattern under formation, breakout may start the new uptrend in stock.fundametals are good except share holding pattern. Good risk reward trad, might give good return in long term. CMP:337 sl:265(wcb) Target: 480/585/725/900
WABAGWABAG:- Head and shoulders pattern is showing formation, make action plan only after breakout, keep on eye.
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know about all the successful trades based on price action.
Thanks,
Ajay.
keep learning and keep earning.
Trendline BreakoutPlease 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
VA TECH WABAG multi year breakout stockStock has remained in downtrend since 2015 and is now looking ready for a breakout
Buy above 340-350 levels weekly closing and a retest needed with small SL of 10-15% and targets of 600 levels also in the long term
Breakout AlertWhen price break the upper boundary with with high volume after strong consolidations then high probability price continue the trend . Breakout candle low act as a Stop Loss
VA Tech Wabag VA Tech Wabag. Stock was in downtrend from 2015. But now stock has started forming higher highs higher lows.long trend breakout happened in last week. Little risky trade CMP:315(add small qty at this level and add more once stock cross 415-425 level to play big) Stoploss:275(wcb) Target: 410/520/635/780.. long term bet
Descending trend line break out WABAG Cmp 285.50 watch above 289 can test 310-332-374-395 with support 260
WABAG - BULLISH Multi Day Accumulation
Proper Trend line Support
Perfect VCP Breakout
Bullish above 260
Sl 250
1st Tgt 275
2nd Tgt 290
buy va tech wabagbuy @ 230-235
stop loss 200
target 300/350/400 for 12 months
this is a company which is involved in water management
valuations are corrected
WABAG is on buy rangeLong on VA TECH WABAG 290-305 is it's buying zone or support zone excepting a new 52w High
This candidate is looks good for long term viewNSE:WABAG This company decreasing the debt, and ROE is improving. PA showing strong for long.
- It's just idea, do your own analysis. Not buy/sell recommendations.
WABAG trend line analysis, support and resistance analysis 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 now at CURRENT LEVELS
2) Targets are mentioned in the chart.
Disclaimer Note: MY views are only for the study purpose, paper trading purpose, stock analyzing purpose, better your skill purpose.
Trade at your own risk.
WABAG MINIMUM 30% GAINS EXPECTED 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
