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.