Technical view by Nooresh

VATECH WABAG – Techno-Funda bet


VATECH WABAG -- A nice cup and handle breakout with upside target of recent top
of 630 and maybe higher in medium term.


Multiple tops at 520-530 has been
broken and good close.

Technically a stoploss would be closing below 520


Also one of the best bets in the water treatment business with a long term view.

Meanwhile tomorrow is 21-12-2012 which according to the Mayan Calendar is the last day of the world. Enjoy the day tomorrow. If we live to see the end of 2012 then be ready for few more years of Technical Analysis posts from me :)



Tentative schedule


Delhi – January 7-8th and Bangalore 14-15 th January 2013

Article by Nooresh Merani

Nooresh has written 2532 articles.

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{ 1 comment… add one }
  • shree December 21, 2012, 07:40

    We should have shorted the companies that manufacture calenders,greeting cards (archies) as the sales would have been less thinking world would end on 21 st dec. Probably we can go long on these stocks atleast now from dec 22 as ppl will start buying calenders,new year greeting cards etc. :)


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