neil_gala

ESCORTS - Mean Reversion

Short
NSE:ESCORTS   ESCORTS
-Resistance from 900 & reversal zone at 1000
-away from VA
-candle with a long bearish wick formed on 20th Feb 2020

-weak market breadth
-no reason for escorts to outperform

Move will be negated if
-900 sustained with heavy volume
-VA moves up

Target
-VAH
Comment: 5% down on Day 1, SL trailed
Comment: SL trailed to PDC
Trade closed manually: Trailed SL HIT at 820

Comments

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