Only waste Management stock listed in the exchange. This is the only stock listed that deals with solid waste management. Considering the future, solid waste management will become one of the greatest threats to the globe, particularly in India. this is the stock to look after 5 years from now.
After a sudden surge in the price, it is now making a big correction, This is the best time to invest. Seeing the correction anywhere between 390-410 looks great to enter. The first target is breaking its ATH. LOOk for price at 398. good chance for a rebound.
INVEST IN THE FUTURE.
AWHCL trade ideas
Antony Waste HDG CELL LTD- Positional CallThe stock was listed with a gain of about 21%, though prices didn't sustain and the stock went below its IPO Price i. e 313-315 and made a low around 250 levels.
The Stock bounced sharply from 250, hence it created Spike Candle support around 250 levels, though the bounce was brief and could last for few trading sessions only and created a resistance around 336 levels.
From this analysis, we get support and resistance
Support: 250Resistance: 336
The stock started falling again after making a lower high around 336 levels and moved towards previously created support around 250 levels, This Time prices took time and tested previous support multiple times ( 4 trading sessions ) and bounced decisively( Shaven Bottom Candles) from there.
Hence 250 support was confirmed again, suggesting buyers are interested here and also ready to pay even when prices started moving higher.
Prices Moved uninterruptedly to 336 levels and then moved sideways for few trading sessions.
Prices did break this resistance and then this resistance started acting as support and prices are comfortably trading or you can say consolidating above these levels.
Now we have a new support zone. i.e 315-336, if prices sustain these levels, it could move fast towards 460 to 490 levels in the coming weeks.
CMP 368
Gain Probability of approx 25% ( positional trade}
Risk - 15 %
Investment Opportunity - 100 % Return one year from now ( My Aggressive Target - I reserve a right to be wrong )
Strategy buy on dips
Disclaimer : Only For Educational Purpose, nit recco to buy, please do your own research before trading or investing in the stocks
AWHCL, Psychological TradeAWHCL has given nice move of 13% and now consolidating making Triangle pattern, Trade on CMP with Targets 1,2,3 and Stoplosses 1,2 mentioned. Or for safe traders let it touch T1 so it can give good move. SWING & INTRADAY. Analysis purely based on Price Action. :)))) lol. Thanks for reading this crap.