Wabag closed @392 on Thursday, 20th April, 2023. It's on the verge of breakout from Cup n Handle formation, which is a bullish formation. View is that it can be bought above breakout level @400-402 keeping stop @360 target @741.
Disclaimer: This is for educational purpose only.
BUY - 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...
This 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,...
1.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
- 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
As 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...
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
WABAG:- 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...
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
Stock 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
When 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. 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
