Day Trading Stocks & Futures
- Thread starter TraderRavi
- Start date
- Tags banknifty bnf daytrading nifty future
Waterbase Ltd
Below is the tentative EW count of waterbase Ltd. Currently it looks to me like have formed double three followed by expanding diagonal pattern and then impulsive down and then pull back as wave B. so we have wave C due. but wave B itself might be complicated like triangle. Unless it breaks below the end of wave A we cant be sure if wave C has started. If wave C doesnt go below the end of wave Y then there is a high probability that we might witness some good rally in 2020 in this stock and in the coming years to see it above 400 levels. The shown expanding diagonal itself can be marked as wave X for triple three. But thats an alternate count. Lets keep an eye on this stock till it progresses for wave C so that we can take the next decision.
If you have any fundamental views or technical views on this stock please feel free to share . It will be helpful for everyone to know different perspectives. Cheers
Below is the tentative EW count of waterbase Ltd. Currently it looks to me like have formed double three followed by expanding diagonal pattern and then impulsive down and then pull back as wave B. so we have wave C due. but wave B itself might be complicated like triangle. Unless it breaks below the end of wave A we cant be sure if wave C has started. If wave C doesnt go below the end of wave Y then there is a high probability that we might witness some good rally in 2020 in this stock and in the coming years to see it above 400 levels. The shown expanding diagonal itself can be marked as wave X for triple three. But thats an alternate count. Lets keep an eye on this stock till it progresses for wave C so that we can take the next decision.
If you have any fundamental views or technical views on this stock please feel free to share . It will be helpful for everyone to know different perspectives. Cheers
Did some research...
Waterbase along with Avanti Feed and Apex are in Shrimp business. The cost of raw material is going down and that could be major factor in revival of all three of them. Avanti feed being biggest firm in shrimp/frozen Shrimp business.
Could you check charts of other two firms too? my untrained eyes says they are going up faster then Waterbase
here, cost of Fishmeal
edit: India's export is growing month on month even though prices are going down.
Waterbase along with Avanti Feed and Apex are in Shrimp business. The cost of raw material is going down and that could be major factor in revival of all three of them. Avanti feed being biggest firm in shrimp/frozen Shrimp business.
Could you check charts of other two firms too? my untrained eyes says they are going up faster then Waterbase
here, cost of Fishmeal
edit: India's export is growing month on month even though prices are going down.
Last edited:
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