VA Tech Wabag Ltd (Weekly Timeframe) - Potential Breakout

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On weekly timeframe the stock has made-up for all those past 7 weeks of loss with a 9.30% gain with huge volume. The stock also BrokeOut of a longterm weekly angular resistance zone. The coming week if it can BreakOut of the short-term weekly resistance with some good volume, then it may go up to 1,944 in the near future, which is the ATH.

In Daily timeframe, a Golden Cross-over is formed as well, that suggests a bullish sign.

Keep monitoring the coming week's price action.

Penafian

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