BUY ESCORTS CMP: 751 TGT: 766 SL: 743 (INTRADAY 7/6/17)
Updated
After breaking out from sideways movement, stock rallied and then retraced 62%, only to rally again to greater highs. Trend following indicators signal long term trend intact. Price Action suggests Doji formation gives a chance to enter since Heiken-Ashi chart shows strong indication of trend continuation. Again, no naked buying, keep stop losses in mind. If you do have appetite you can hold the trade for larger profits, beyond recommended. Intraday traders can stay safe buy using 2:1 risk-reward and going for already made high.
Trade closed manually
Lock profits close to 760, there might be weakness beyond it.
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