Esab India LtdEsab India Ltd
MTF Analysis
Esab India LtdYearly Demand 3,368
Esab India Ltd 6 Month Demand 3,368
Esab India LtdQtrly Demand BUFL 4,098
Esab India LtdMonthly Demand 4,098
Esab India LtdWeekly Demand 4,098
Esab India LtdDaily Demand DMIP 4,098
ENTRY -1 Long 4,098
SL 3,800
RISK 298
Target as per Entry 9,661
RR 19
Last High 6,999
Last Low 4,337
ESABINDIA trade ideas
Esab India can fly to 6400++??Tight consolidation at 6170 area
If break 6200 can see a nice upmove
Stop 6k
Target 6400++
Short positional call
Not a reco
Only for educational purpose..
ESAB India Ltd is a leading supplier of welding and cutting products in India. It is a subsidiary of ESAB Group which was ultimately owned by the Colfax Corporation of USA
Esab India looks good for 6200++Esab India
Seems got support in 50ema
2 times moved up from 50ema support
and formed an uptrend
3 rd time testing 10ema suport@5850 levels
If a good volume supports stock could be
go higher levels..
Purely for study purpose! Not a recommendation!
Target expected..6200
Stop 5700
Risk reward 1:1
Strong fundamental pick
Ever bull uptrend pattern..
ESAB India Ltd. engages in the manufacture and supply of welding and cutting products. The firm operates through the following segments: Consumables and Equipment. The Consumables segment offers welding electrodes, copper coated wires, flux cored wires, welding fluxes and related services. The Equipment segment offers welding machines, cutting equipment and related services. It markets its products to the shipbuilding, petrochemical, repair and maintenance, construction, transport, offshore and energy industries.
ESABINDIA - Bullish Swing ReversalNSE: ESABINDIA is closing with a bullish reversal candle supported with volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been consolidating for the past few days which is indicating demand.
One can look for a 8% to 11% gain on deployed capital in this swing trade.
The view is to be discarded in the event of the stock breaking previous swing low.
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Disclaimer:
This is for educational purposes only.