Escorts - Topped Out ?

Escorts Ltd. NSE:ESCORTS is a growing company in the Auto sector and its stock price has witnessed a spectacular rise in the past year.

However, I can see that the price is facing a stiff resistance near 1000 zone. (995 – 1020 levels).

Besides, there is also a Double top formation with Negative RSI Divergence on the Daily chart .

Taking short position here with a Stop loss of around 1022 and target of around 911.
Comment: Still holding this short..going well as of now !
Comment: Booked profits in this today. Took it off the table before election result !


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