A classic Double Top pattern has been formed on 
ESCORTS. A double top pattern is often formed on a previously bullish stock that is now currently showing a reversal to a bearish direction. This is a medium term positional call that is valid for 45-50 days. Interestingly, a stochastic bearish divergence (Triple) is also formed confirming an immediate fall in Escorts.Here are the levels:
(T1): 791
(T2): 738
(T3): 645
Stop loss: 841
ESCORTS. A double top pattern is often formed on a previously bullish stock that is now currently showing a reversal to a bearish direction. This is a medium term positional call that is valid for 45-50 days. Interestingly, a stochastic bearish divergence (Triple) is also formed confirming an immediate fall in Escorts.Here are the levels:(T1): 791
(T2): 738
(T3): 645
Stop loss: 841
Trade active
Gap up opening. Shorted at SL i.e. 541Note
Gap up opening. Shorted at SL i.e. 841Note
SL updated to 857.Trade closed: stop reached
SL of 857 triggerred....Loss of 2% :(
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.