Vaswani Industries LtdVASWANI – The stock is currently trading within an ascending channel pattern and is consolidating near the upper resistance of the channel.
A bullish Marubozu formed a solid green candle with little to no wick, indicating strong buying pressure. Additionally, a bullish engulfing candle fully covers the previous red candle, suggesting a reversal in strength.
If the stock closes above 56, it will confirm a breakout from the consolidation phase, with target prices set at 60 and 64.
