restrict-user-access domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home1/portfol1/public_html/wp/wp-includes/functions.php on line 6114Yesterday 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.
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, we should be able to see the high of 2007 (142) which in itself would mean a move of 67% from the breakout levels.