UNDERDOG-29

cycle wave 5 beginning:get long!

Long
NSE:ESCORTS   ESCORTS
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.

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