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CuriousChartist
May 21, 2021 5:31 AM

ESAB INDIA - Interesting Long

ESAB INDIANSE

Description

This stock was brought to my notice yesterday by a well wisher. I liked the chart and would have posted it yesterday based on the daily RSI breakout but I preferred to wait for a weekly trend line & resistance breakout for more assurance for which a close above 1905 is necessary.
Comments
civilFish64516
But there are no volumes in breakout...
CuriousChartist
@civilFish64516, But there are no volumes in breakout... in which case it may not close above 1905 for this week.

If it closes the week above 1905, the volumes would be above the average which is enough.
CuriousChartist
@civilFish64516 Everything is correlated. Next week if and when it closes above 1905, you will see the volumes too.
Chinmayonniftyy
Nice analysis brother. Pl post an analysis on PNB if possible. Thanks in advance.
CuriousChartist
@chinmaypatnaik, It is already on my radar brother.
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