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GAEL - Bullish Engulf with Volumes
NSE: GAEL is looking to reverse from the consolidation range.
Today's volumes indicate a huge demand and should move to previous swing highs in the coming days.
The stock has been in a slight consolidation range with small downtrend but today's engulfing candle with high volumes should reverse the trend and breakout from trendline resistance to move higher.
One can look for a 7% to 12% gain on deployed capital in this swing trade.
The view is to be discarded in the event of the stock breaking previous swing low.
#NSEindia #Trading #StockMarketindia #Tradingview #SwingTrade
Disclaimer:
This is for educational purposes only.
Today's volumes indicate a huge demand and should move to previous swing highs in the coming days.
The stock has been in a slight consolidation range with small downtrend but today's engulfing candle with high volumes should reverse the trend and breakout from trendline resistance to move higher.
One can look for a 7% to 12% gain on deployed capital in this swing trade.
The view is to be discarded in the event of the stock breaking previous swing low.
#NSEindia #Trading #StockMarketindia #Tradingview #SwingTrade
Disclaimer:
This is for educational purposes only.
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