Cup and handle BO in progress, 1st target 415 with minor down in between.
Stock is in the CD leg of AB=CD pattern... D point of pattern also lines up with 61.8% and the white trend line... likely target....525
This is just personal observation and not any suggestion for investment. WABAG Tech share is under 200d EMA so its not worth to buy but as per back testing of 13d & 26d moving average and basis of that short term target is 300 to 325 within a month. On Daily chart is showing that its making CUP pattern in long term view which around 6 to 8 months.
In this chart pattern its called ascending triangle this is reliable pattern most of the time it gives upward move
stock has given trendline breakout and also formed cup and handle looks very positive
CMP : 285.50 LOOKING ATTRACTIVE TO ME... IT IS ON THE VERGE OF MULTI YEAR TRENDLINE BREAKOUT...SUSTAINABLE BREAKOUT MAY GIVE GOOD UPWARD MOVEMENT IN COMMING DAYS. I m not sebi regt analyst or advisor. Post is only for an educational purpose. Do ur own diligence or check with ur financial advisor before taking any position. U may suffer big loss also.
Looking for close above 360, it will give VCP breakout here.
#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.* 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...
LONG Targets are 350, 375, 400 till last high broke out
#WABAG (VA TECH WABAG LTD) : It looks really good to go 400+ by March imo, I have added a position already and willing to add more if dips below 325. I expect 350+ in January and more targets later or sooner. Invalidation for me is below 290. Adding for quarterly position.
A multi-bagger stock at strong support of 290 for target 700.
Its on multiyear breakout if it breached will try to attain higher levels from here.
NSE:WABAG Please note that we are not a SEBI Registered Investor Adviser/PMS/ Broking House. All the contents over here are for educational purposes only and are not investment advice or recommendations offered to any person(s) with respect to the purchase or sale of the stocks / futures and options. You are also requested to apply your prudence and consult...
There 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.