WABAG trade ideas
Looking great in 1DTF#This triangle pattern is looking very great and this looks like it's gonna break upwards once the market conditions are settled.
#The stock also posted good Q3 numbers.
#Don't forget the big wick formed today, just wait for the strong close upwards that sustain at least for 2 DAY candles.
Va Tech Wabag Ltd.*Va Tech Wabag Ltd.*
Rounding Bottom Pattern: Monthly Basis
Likely to make Cup & Handle Formation too: Monthly Basis
Price / Volume Break-Out & Consolidation.
*With Increase in Price, Trail Stop Loss*
*Book Profit as per Your Risk Appetite*
*Fundamentally Sound Company*
Co. in Waste Management - Sector Gaining Traction
Last Qrs. / TTM: Sales / Profitability Increasing
Low Equity / Low Leverage / High C&CEs
FIIs Increasing Stake QoQ since Sep'20.
Concern:Low Promoter Equity
*Do Your Own Research as Well. This is Just an Opinion.*
Your Opinion may Differ and is Respected.
Happy Investing :)
Channel trading and 2MA signal triggered todayLONG Targets are 350, 375, 400 till last high broke out
Right time to accumulate for long term.A multi-bagger stock at strong support of 290 for target 700.
WABAGNSE:WABAG
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WABAG - Highest strength stockThere is a niche concept of consolidation and breakout going on at the moment.
Poised for an upmove from here!!
Keep SL as today's low.
WABAG - Retest+Reversal, Ascending Channel, Bull Pennant - SwingThe 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 purpose. Traders must do their own study before entering into any trade. Traders must trade as per their own risk taking capacity and money management.
Feel Free to comment or message me for any query or suggestion regarding this stock or Price Action Analysis.
Checkout my other ideas to understand how one can earn from stock markets with simple trade setups.
big Volume BO, crossed 200 EMAWabag 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
VA TECH WABAGVA 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
buy at cmp hold, may go till 250-55 or notIt 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. In a statement, VA Tech WABAG said it was producing 26 million cubic metres of clean water every day besides treating 30 million cubic metres of waste water. The company currently holds its highest-ever order book of Rs 11,050 crore including the National Mission for Clean Ganga Scheme to develop sewage treatment plants of 150 MLD capacity. PTI VIJ ROH ROH
VA TECH WABAG TargetVA 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
BreakoutThis 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.
LONGWABAG @ 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
Descending Channel BO + Flag pattern + HNS pattern 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
Bullish on Va Tech WabagAfter good consolidation the stock is showing strength and other indicators also showing bullish sentiment.
