The stock looks good at the current level. The stock has broken down trendline in weekly and looks like the stock is breaking out. The stock has relatively a triple bottom formation. The RSI Indicator also shows an Inverse Head and Shoulder Pattern.
The stock has rallied on smart money earlier and higher earning expectation and clocked a high of 970+ and later fell down drastically.
I have noticed Pension funds buying on bulk deal column. I feel optimistic of the stock as the fundamentals and management is good and has the capabilities to pull off large infra projects.
Technically, it's trading below it's...
BUY / Sell SETUP of "WABAG EQ"
Daily as well as Weekly Level.
Last Candle "Bullish Harami Cross"
Rest Plotted & Mentioned on Chart.
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with 450 as base price VA Tech Wabag forming descending triangle pattern ....we can keep 450 as stop loss and accumulate if it breaks 450 it may fall further . but I believe it will hold 450 level and bounce back from here