prabakaran62

ESCORTS LT VIEW -Bullish as long as it holds 541.

Education
NSE:ESCORTS   ESCORTS
Escorts as long as it Holds 541, LT V. Bullish and will move above ALL TIME HIGH . Likely to be very volatile since
moving in Expanding Triangle Patterns. Corrections also will be deep and sharp giving good opportunities to Bears also.

Disclaimer: I am not a Qualified Technical Analyst. Investors are requested to do their own analysis before taking any investment decisions. NSE:ESCORTS

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Sir everything is correct as per your views , Expanding or Contracting triangle come in the place of 4th wave , Now i see an Expanding leading triangle and then price went out of the channel , it shows its an internal structure of impulse wave 3 , Now since impulse wave 2 was pretty much in side ways , so another rule applies here is expect the impulse wave 4 ( currently forming) will be sharp , mostly crowed is in the bias of bullish and Institutional are out of stock in the warehouse , they will come down to pick last shopping of stocks by which the formation of wave 4 will complete and they will move up , this explanation is logically applied and have also information of previous believed theory of R N Elliott , Good work sir
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prabakaran62 I-Fund-Trader
@I-Fund-Trader, Thanks Sir. This efforts are purely by gaining confidence by learning from your postings.
Always looking forward to your sincere guidance.....Regards.

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Great charting , Expecting more charts from you . Good work !
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prabakaran62 MAYA_MUMBAI
@MAYA_MUMBAI, Thanks.
Credit goes to "I-trend Trader" . Only by seeing his postings, i started drawing patterns better.
I always owe him for his efforts to educate others....Regards
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