ESCORTS IS LOOKING GOOD FOR MOVE ON THE UPSIDE.TODAY IF IT MANAGES TO CLOSED ABOVE 1184 THAN IT GIVES CONFIRMATION REGARDING WAVE 2 FLAT CORRECTION GETTING OVER AND WAVE 3 COMMENCEMENT.AS ON THE HIGHER TIME FRAME WE HAVE COMPLETED CYCLE DEGREE WAVE 4 ,THIS MOVE WILL BE IMPULSIVE AS PER MY VIEW.
ON MOMENTUM FRONT STOCK PRICE AFTER CONSOLIDATING AROUND 20 SMA FOR 2 WEEKS,HAS FINALLY MANAGED TO CROSS IT BEFORE 3 DAYS, AND HAS STAYED ABOVE IT SINCE THEN.RSI ALSO GOING ABOVE 55 INDICATING LONG INTEREST IS BUILDING UP IN THE STOCK.
LONGS CAN BE INITIATED @ CMP 0F 1188-1182, WITH A STOP LOSS OF 1155 ON THE DOWN SIDE.WILL UPDATE ABOUT TARGET LATER.
DISCLAIMER:There is no guarantee of profits or no exceptions from losses. The study provided is solely the personal views of my research. You are advised to rely on your judgment while investing/Trading decisions. Past performance is not an indicator of future returns. Investment is subject to market risks. Seek help of your financial advisors before investing/trading.
I may or may not trade this analysis
ON MOMENTUM FRONT STOCK PRICE AFTER CONSOLIDATING AROUND 20 SMA FOR 2 WEEKS,HAS FINALLY MANAGED TO CROSS IT BEFORE 3 DAYS, AND HAS STAYED ABOVE IT SINCE THEN.RSI ALSO GOING ABOVE 55 INDICATING LONG INTEREST IS BUILDING UP IN THE STOCK.
LONGS CAN BE INITIATED @ CMP 0F 1188-1182, WITH A STOP LOSS OF 1155 ON THE DOWN SIDE.WILL UPDATE ABOUT TARGET LATER.
DISCLAIMER:There is no guarantee of profits or no exceptions from losses. The study provided is solely the personal views of my research. You are advised to rely on your judgment while investing/Trading decisions. Past performance is not an indicator of future returns. Investment is subject to market risks. Seek help of your financial advisors before investing/trading.
I may or may not trade this analysis