the stock is forming a cup and handle pattern in the long term . in the mid term one can expect a target of 210 rupees . as per the DCF the intrinsic value is anywhere between . 220 to 380 rupees . one can target long here .
The stock shows a long term target of around 16 rupees . as per fundamental analysis the value is around 18 rupees . the company made a bottom in 2020 bear market . financials of the company have improved . at a P/E of 4 and a book value of 0.80the stock is relatively cheaper . both sector wise and historically .
double bottom with volume confirmation and budget resolution is good towards Wabag
buy above 43 with stop loss around 40 . long term trade with higher targets , chances of becoming a multi bagger in 1 to 2 years time horizon .
currently learning . correct me , if I'm wrong .
correct me if I'm wrong . just learning .
just learning . correct me if I'm wrong . also fundamentally wabag is strong .