Bullish Signal with EMA Crossover and TTM Squeeze

Apr 23

ESCORTS (2.64%)
Bullish Signal with EMA and TTM Squeeze Breakout

ESCORTS shows a promising bullish setup, with a Strong Bullish Candle and an EMA 200 Crossover signaling a potential long-term trend reversal. The RSI Breakout and Bollinger Band Breakout further confirm the bullish outlook. A TTM Squeeze breakout also indicates increasing volatility, which could propel the stock further upwards.

Resistance Levels: 3482-3517-3572
Support Levels: 3392-3338-3302
Entry: @/above 3463.20
Stop Loss: @/below 3244.80

Volume Analysis: Volume has been increasing steadily, with higher than the average volume of 115.43K on 23rd April. This shows increased investor activity and potential momentum building.

May 8

Trade active

Escorts Kubota reported a strong Q4 FY25 with consolidated net profit rising 18% YoY to ₹318 crore, driven by robust tractor demand. Revenue grew 6.3% to ₹2,445 crore, while the Board declared a final dividend of ₹18 per share. The agri machinery segment remained the key growth driver despite challenges in the construction equipment division.

Hoping this boosts the stock.......