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
instrument: WABAG
Time frame: Week
CMP: 112.70
Buy above: 112.50
SL: 106.
Target 01: 151.70
Target 02: 178
My View DAY TIME FRAME
Even though WABAG is now moving in sideways for 3 consecutive days and Stochastics giving bearish sentiment PSAR is still bullish.
My view WEEK TIME FRAME:
Both Stochastics and PSAR are bullish it has just come out of the rangebound...
Everything mentioned in the image.
Stock is too Ill liquid once it starts rising it moves up quickly and same way once it starts falling it falls very fast.......
Not at all day trading stock
Last year's most popular budget play which almost everyone in retail was bullish about. Many friends i know are stuck in this stock too...
Seems to finally be heading in the right direction. Wait for it to break and then buy.
The worst seems to be behind it.
