After Making a double bottom after 33% correction.. Waterbase moving towards breakout Level... Closing with a high volume is positive for this stock.. Two Positional Target 109 and 121.. Not much fundamentals, so use strict SL as per your Risk..
The Waterbase Ltd - 28.12.2021
The stock is trading @ 101.20 levels
let the prices go above 103
there was a hammer @ support yesterday (day's high = 100.95)
stochastic oversold in monthly chart
watch out for the price action
NSE:WATERBASE Levels are Mentioned in the chart...
Note:
1. Views are personal. Recheck and take the trade as per your RR.
2. Always remember SL is your lifeline not the big target...
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3. Views given here is not a tip rather it is for educational...
Stock has entered above zero on relative strength against BSE SMALL CAP Index. Price moving along trendline and may approach long term resistance soon. A breakout can take stock to new highs.
NSE:WATERBASE Levels are Mentioned in the chart... Look for Swing...
Note:
1. Views are personal. Recheck and take the trade as per your RR.
2. Always remember SL is your lifeline not the big target...
3.Follow us for more patterns and like, share so that we feel it is helpful to many and share more patterns...
3. Views given here is not a tip rather it is for...
The Waterbase Ltd. engages in the manufacture and trade of shrimp feed. The firm sells its product under the following brands: Bay White, Ultra XL, Tiger Bay XL, and Magnum. The company was founded on November 23, 1987 and is headquartered in Chennai, India.
NSE
