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.
Comment:
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.
