Escorts Break Down !! #AutoStock

πŸ“ˆ Escorts Ltd. πŸ“‰

This Stock broke Down from a Down Trending Chanel after testing three times. It was in consolidation inside Channel since last four months and today that ended on Short side So I am biased on sell side as todays candle closed is strong red.

On Sell Side I am looking for Targets of 1595 and 1434.

StopLoss should be kept at 1860.
It offers 1 : 1.5 Risk Reward.

All Important Supports and Resistances are drawn in chart. All levels are on closing basis.
Please have a look and revert back if you need some more study on it.

Disclaimer : Consult Your Financial Advisor Before Taking Any Decision On This Analysis.
Trade closed: stop reached:
Target 1 was left by 6 points.
still i will consider this trade as Sl trade.

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