Buzzing stock-WABCOINDIA bullish breakout tgts 5610 and 6180

WABCO India Limited stock analysis

WABCO India Limited stock analysis

WABCOINDIA stock today closed at 5550 with 16% gains on NSE. Stock is top gainer on NSE.   WABCOINDIA Stock price in downtrend and we saw top at 6500+ and then continues selling up to 4780. On downside 5225 was major support after breakdown below that support we saw sharp selloff up to 4780. On downside 4650 was major support level but stock given strong reversal above that with price action and on volume which is significant.   Stock has given breakout above major resistance level of 5225 and now entered into bullish trend. Above 5225, WABCOINDIA share will remain bullish and buy on dips. On upside 5610 and then 6180 are major short to medium term resistances as well as target zones.   From long term view, WABCOINDIA stock has made bottom on weekly chart at 4800 level and now heading towards previous top of 6400-6500 levels. Above it next long term target comes around 7350+.

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