Panchalk

big Volume BO, crossed 200 EMA

Long
NSE:WABAG   VA TECH WABAG LTD
Wabag has an order book of 10700 crore for 2021, but the Sales growth in last 5 years has been an abysmal 2.5%, promoter holding is 22%, ROE is 8.5%, It is showing profits but not paying dividends...it appears as if there is hardly anything good happening...but today it has broken out of the weekly channel with good volumes...and most importantly it has crossed 200 EMA...if it opens with GOOD volumes on Monday it is a buy for short term. Targets highlighted by horizontal lines...448 looks possible, but lets wait and see. it is a small cap, take small positions, and trade with caution. This is not advice to trade, just an idea
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