Tag: Breakout

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.

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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

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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.