Dear viewers, Escorts having given the Head & Shoulder breakdown in its Monthly chart which seems to be very curious. On checking the Option data of the stock and after drawing the trend lines, its to be precisely very clear that whenever the stock break the 440 levels, we may see big downside in this stock. Keep strict watch on the stock and sell on rallies if Nifty bounces back the stock may sustain near 500 levels, traders may short the stock, however if someone have the risk appetite can short the stock on mild bounce.NSE:ESCORTS
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Strong up move seen as advised in morning trade. Short the stock for a while near 544 levels as big resistance area.