The above analysis is done purely on basis of Price Action & Chart Patterns. The analysis is done on daily TF hence price may take few days to few weeks in order to reach the targets. Trade setup is explained in image itself. SL can be kept either below 335 (for risk taking traders) and below 306 (for safe traders) The above analysis is purely for educational...
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...
VA tech wabag looks too good to me add more at 170 to 200 range only if it comes Targets could be 810,860 for long-term Forming ABCDPattern and stock is moving in parallelchannel pattern
INVERSE HEAD AND SHOULDER PATTERN . NEXT TGT 320/360
It has secured the 4th Global rank among the top 50 private water companies by London-based Global Water Intelligence group, for providing safe and clean drinking water. The company has become the only Indian entity to figure in the top 25 water treatment players globally. The city-based VA Tech WABAG Ltd had bagged the Global 10th rank in 2017 and sixth in 2019....
VA TECH WABAG Holding 61.8% Fibo levels on daily, if it continues to hold and breaks out above green kumo cloud then potential target is 300
long for 3 days expecting 260 to 280 in 2 days of time but sl is 5%
This share has lot of potential in future as big investor are invested in it. Jhunjhunwala has invested in it. There is also a breakout with good volume.
WABAG @ 220 AFTER BREAKING DOWN TRENDLINE WITH STRONG VOLUME IS CONSOLIDATING NICELY AND ROSE 5 PERCENT ON FRIDAY CLOSE ABOVE 246 CAN GIVE ANOTHER 20 PERCENT MOVE SL SWING LOW 170 14.02.2021
i can see Descending Channel BO + Flag pattern + HNS pattern if volume increased we can see big movements CMP 203 SL 174 TARGET 230 (Reaching HNS pattern ) if closed and sustain above 230,target will be 275,300,330
After good consolidation the stock is showing strength and other indicators also showing bullish sentiment.