A stock so so many people are stuck in, but is now a key part of India's plan with water levels depleting everywhere.
Today the stock seems to have broken out with HUGE volumes.
Keep an eye for ST target of 403!
Disclaimer:I am NOT SEBI registered, Just trying to learn to predict share price movement. THE CHARTS PRODUCED HERE ARE FOR MY PERSONAL REFERENCE ONLY AND THEY ARE NOT ANY BUY OR SELL RECOMMENDATIONS. Kindly consult your investment advisor and family members before investing.
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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450 is a very strong support. since 2016 450 has been a support level. Good rate to accumulate. We can see breakout in few months. I would go long here with a stop loss at 440.
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
VA Tech Wabag Limited is a holding company engaged in water treatment field. The Company's principal activities include design, supply, installation, construction and operational management of drinking water, waste water treatment, industrial water treatment and desalination plants. The Company's segments include India and Rest of World. Its product portfolio includes water reclamation, municipal used water treatment, industrial effluent treatment, anaerobic sludge treatment, and industrial water reuse and recycling. The Company has four clusters: India, Europe, Middle East & Africa (MEA), and Latin America (LATAM). The India cluster provides end-to-end water solutions for drinking water and wastewater plants, both in the municipal and industrial sectors. The European cluster caters to small and mid-sized projects. The MEA cluster has two major regions: the Middle East and Africa. The LATAM cluster has countries, including Brazil, Chile, Colombia, Ecuador, Mexico and Peru.
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WABAG
