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Tagged: Breakout

VA Tech Wabag Limited – Breakout ? 2

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VA Tech Wabag Limited – Breakout ?

Yesterday we saw a pretty huge quantity of VA Tech Wabag Limited change hands and today it seems set for a breakout from the symmetrical triangle it has been trading in for the last many months. If the stock closes above 560, the target based on the pattern suggests a move in the coming months to around 850.

Thomas Cook – Multi Year Breakout 0

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Thomas Cook – Multi Year Breakout

Prof. Sanjay Bakshi had a recent article on why he bought Thomas Cook. You can read the same out here, http://fundooprofessor.wordpress.com/2013/12/01/why-i-bought-thomas-cook/ So, how does the stock look Technically? Here is a Monthly Bar Chart   As can be seen, we are sitting just below a multi year resistance line. If the stock crosses & closes (on monthly timeframe) above 85,...