Swing Opportunity in Escorts
Updated
Go Long above 1189 for Targets of 1225.45 with SL 1152.55
Reasons to go Long :
1. If we draw Fibonacci Retracement from recent swing low (Point A) to recent swing high (Point B) on a 1 Day chart we see the stock took the support of 0.618 Fibonacci level.
2. Around 0.618 Fibonacci level, we can see that the stock is forming double bottom (W pattern) which is bullish.
3. Also there is a trendline that is providing strong support to the stock.
Reasons to go Long :
1. If we draw Fibonacci Retracement from recent swing low (Point A) to recent swing high (Point B) on a 1 Day chart we see the stock took the support of 0.618 Fibonacci level.
2. Around 0.618 Fibonacci level, we can see that the stock is forming double bottom (W pattern) which is bullish.
3. Also there is a trendline that is providing strong support to the stock.
Trade active
Entry triggered on 28 June 2021Trade closed: target reached
Target achieved on 1 July 2021
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.