ESCORTS has seen multiple Support/Resistance cycles at 1180 zone where we saw this zone turning from support to resistance and to support once again. The stock broke out of this zone last week and has done a successful retest followed by a continuation of the price action. RSI is also in the bullish territory which is a good sign. We are bullish on the stock for 1320/1450 Fibonacci zones as targets.
Trade closed: stop reached:
Stop loss level of 1180 breached today.