A remarkable breakout in Escorts Kubota
Updated
Welcome back! This time, we will analyze our third breakout stock, which is Escorts Kubota.
Chart is Pretty self-Explanatory so we are going keep it short. Here are some pointers.
>>Escorts has spent the past two years consolidating within a bullish parallel channel.
>>Today, it experienced a notable breakout, suggesting potential for a substantial upward movement.
>> In terms of fundamentals, the company is achieving its highest-ever sales and profits.
>>Also the promoters have doubled their holdings, and both FII and DII participation is increasing. These factors point to a promising outlook for this stock.
Entry & Targets-
>>If this breakout candle sustains above the line quite well in the 1-day time frame, we can consider purchasing this stock.
>>We will place our stop loss below the breakout candle at the 2500 level.
>>Considering the promising growth, we can take a long position in this stock.
Do consider pressing the boost button🚀🚀, It helps me bring more interesting analysis. And if you've any question and suggestion please feel free to post in comment section.
Please note I am not SEBI registered. Do your own research before investing.
Chart is Pretty self-Explanatory so we are going keep it short. Here are some pointers.
>>Escorts has spent the past two years consolidating within a bullish parallel channel.
>>Today, it experienced a notable breakout, suggesting potential for a substantial upward movement.
>> In terms of fundamentals, the company is achieving its highest-ever sales and profits.
>>Also the promoters have doubled their holdings, and both FII and DII participation is increasing. These factors point to a promising outlook for this stock.
Entry & Targets-
>>If this breakout candle sustains above the line quite well in the 1-day time frame, we can consider purchasing this stock.
>>We will place our stop loss below the breakout candle at the 2500 level.
>>Considering the promising growth, we can take a long position in this stock.
Do consider pressing the boost button🚀🚀, It helps me bring more interesting analysis. And if you've any question and suggestion please feel free to post in comment section.
Please note I am not SEBI registered. Do your own research before investing.
Note
Slowly but surely, the stock has begun to sustain its bullish trend, Approving its breakout. While a retracement could be a favorable opportunity for accumulation, at least for now, it doesn't seem inclined to pull back.
Related publications
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.