#ESABINDIA trading above Resistance of 6106
Next Resistance is at 7530
Support is at 4511
Here are previous charts:
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and...
#ESABINDIA trading above Resistance of 5377
Next Resistance is at 6106
Support is at 3975.15
Here are previous charts:
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and...
ESAB
Gave a breakout from a CUP pattern.
Breakout volume is below average.
Volume has to pick up for up move.
Disclaimer:
For educational purpose only.
Please do your own research before taking any trades.
Happy Trading!
ESABINDIA looking Okayish on this BO, Volumes are missing so might show some sideways behaviour before it shoots ahead. Good to have an eye on for some time.
#ESABINDIA trading above Resistance of 4511
Next Resistance is at 5377
Support is at 3119.65
Here are previous charts:
Chart is self explanatory. Entry, Resistances and Support are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered....
Welcome back again. Today we will discuss about ESAB INDIA.
>>Esab India was consolidating in rectangle channel pattern for 20 months. two weeks back it has given a breakout and retraced till its BZ.
>>Again last week it has took support from crucial pivot point and bounced back with a good healthy green candle along with good momentum.
>>Today this stock seems...
This is an update on the previous post on ESABINDIA. As the stock in breaking out after a flag consolidation some changes has been made. Also stop can be trailed.
Esab india chart always looks good. it is a world leader in welding and cutting electrode. it has highest market capital ( 5326 crore ) which is 6.25 times from its second peer company that is " Ador welding (market capital of 851 crore). In the brand and quality of product wise it is one of the best company.
Esab india has already given multi fold return in...
This is follow-up on Esab India. Can check link to related ideas.
Target 1 achieved. More than 45%. Target 2 is ON.
Chart is self explanatory. Entry, Targets and Trailing Stop Loss are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please...
Friends as you can easily identify from the pictorial representation, chart pattern breakouts have occured in 1D and 4H timeframes. So one can buy and hold this stock till the formation of sell trend or new pattern breakdown.
![ESABINDIA: ESABINDIA BO [DAILY]](https://s3.tradingview.com/2/2w9lKuLn_mid.png "ESABINDIA BO [DAILY]")
