Swing Trading Journal E3 ESABINDIA 280423 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.
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About ESAB INDIA
Sector
Producer Manufacturing
Industry
Electrical Products
CEO
Rohit Gambhir
Website
esabindia.com
Headquarters
Chennai
Founded
1987
ISIN
INE284A01012
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. The company was founded on November 10, 1987 and is headquartered in Chennai, India.
Trading Journal E2 ESABINDIA 280423I am video journaling a trade here. I will analyzing the structure, mark the entries and exits alongside the rationale for the same.
Bullish Strong on 1 week And 3 months.
. High volume than 21 days average.
. Above 200 moving days EMD.
. RS STRONG
Trendline breakout in esabindia with huge volumes Trendline breakout in esabindia with huge volumes.
" ESAB INDIA " A PORTFOLIO COMPANY ?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 th
Target 1 (45%) achieved in Esab India. Target 2 is ON...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 o
Buy Opportunity ---> ESAB INDIAFriends 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.
Swing Trade - Long Opportunity ESABINDIADetails mentioned on chart
Stair Steps movement in price pattern observed.
Pls follow strict SL
Thanks
See all ideas
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