ESAB India Ltd on a daily chart stock price is making higher high pattern, with
increase in volumes. Also, we witnessed stock price is trading above the 20
DMA, indicate stock is well placed above the support level. On chart stock price,
has given the breakout of symmetrical triangle pattern at Rs. 596, indicate
stock price can rally towards previous high swings.
If one were to go by the
volume data, a higher upswing is seen on the stock price. Trader or investor
can accumulate at Rs.604 for the target of Rs. 749 levels, with Rs 567 stop
loss on closing basis.
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