NSE: 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...
Very simple setup.
We can see a Clear breakout above 2500, with good volume.
Stock can reach up to 2800 levels in the coming several sessions.
Below 2350 We can expect weakness.
Happy Trading
