Wabag is water management company globally ranked 4th .
It was in downtrend , a perfect inverted head and shoulder pattern formed beautifully and breakout from consolidation.
Long with a target of 363+ initially with a stop loss of 250 CB.
Disclaimer - Only for educational purpose not a recommendation.
(I am invested)
V Guard - Impulsive buying here which indicate imbalance order flow.
Confirmation by rectangle breakout . No overlaping between last 4 candle (Except 1) indicates momentum.
