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Probable Reversal of Intermediate Trend of ESCORTS(NSE)
ESCORTS KUBOTA LTD
Long
Probable Reversal of Intermediate Trend of ESCORTS(NSE)
By Shreesha2150
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Aug 11, 2021
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Aug 11, 2021
ESCORTS
The specifics are mentioned in the chart itself.
Price of Escorts has been in a Sideways Pattern(Broadening Formation) since May.
Since June, it has entered into a Head and Shoulders Bottom.
On Aug 10, the H&S Bottom pattern was broken and was
tested multiple times
for the next 2 days(clearly visible in 1H timeframe chart).
This validates the theory that there is high probability for the price to exit consolidation and begin an Uptrend.
breakout
headandshouldersbottom
Technical Indicators
Support and Resistance
Trend Analysis
Shreesha2150
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