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Unite Technologies Financial

14th Aug · SEBI-Registered Analyst

Technical Analysis VA Tech Wabag

The stock

WABAG
is showing a bullish long-term structure but the short-term trend has weakened after a sharp rally from the ₹1200–1500 zone. The stock made a strong breakout above ₹1600 and rallied towards ₹2200–2250 followed by profit booking. Currently price is around ₹1930 and consolidating near the ₹1900 zone. The recent correction looks like a healthy retracement, but buyers need to defend the current support area. Support & Resistance: Immediate support is around ₹1860–1900 followed by stronger support near ₹1780–1800. On the upside, ₹2000 is the first resistance. A sustained close above ₹2000 can lead to ₹2100–2200 while ₹2250 remains the major resistance zone. Short-Term Outlook: The setup is cautiously bullish above ₹1860–1900. Fresh buyers can consider a sustained breakout above ₹2000 or accumulate gradually near strong support. Existing holders can continue holding with a trailing stop-loss below ₹1850. A decisive close below ₹1780 would weaken the current bullish structure and could lead to further correction.

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