Escorts have made high of 1478. on the weekly chart, it is moving in ascending channel pattern and if it breaks the 1478 level, then it is breakout of the ascending channel pattern too. So we'll get long only if the stock manages to break and sustain above the 1478 level.
If it doesn't manage to cross 1478 if shows resistance near this level it may be correct. So please remember close above 1478 and sustain that level is important for a long position in Escorts.