ESCORTS (Breakout Soon)
What I have seen:
After listing stock went into a range.
Gave range breakout after 17 years.
Price making continuously Higher high formation on Monthly TF.
Price never change the structure from Lower high to Higher low.
Recovery after covid fall RSI never touched 50
After June 2022 RSI made Lower high formation.
Conclusion:
Stock is in strong bull run.
Never think to short the bull stock.
If any correction happens due to any reason take as an opportunity to invest.
Keep hold the stock till the structure shift from higher high to lower high & lower high to higher low.
Closing above 4450 It may hit our PRZ Zone which is marked on chart.
If you are long term investor then just hold this stock till the structure shift.
For mid to short term trader may book their profit at PRZ Zone.
Risk taker may add quantity in the range of 3600-4400
Idea got invalid below 2630
I am not a SEBI Registered. This analysis is purely for educational purposes only.
.
If you gain some learning from this chart, then please like this post for more reach & also do comment if you have any questions regarding this.
After listing stock went into a range.
Gave range breakout after 17 years.
Price making continuously Higher high formation on Monthly TF.
Price never change the structure from Lower high to Higher low.
Recovery after covid fall RSI never touched 50
After June 2022 RSI made Lower high formation.
Conclusion:
Stock is in strong bull run.
Never think to short the bull stock.
If any correction happens due to any reason take as an opportunity to invest.
Keep hold the stock till the structure shift from higher high to lower high & lower high to higher low.
Closing above 4450 It may hit our PRZ Zone which is marked on chart.
If you are long term investor then just hold this stock till the structure shift.
For mid to short term trader may book their profit at PRZ Zone.
Risk taker may add quantity in the range of 3600-4400
Idea got invalid below 2630
I am not a SEBI Registered. This analysis is purely for educational purposes only.
.
If you gain some learning from this chart, then please like this post for more reach & also do comment if you have any questions regarding this.
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