ESCORT has extended its harmonic Pattern near 1.618 at 1110.00. Reversal may occur. BUY zone at 1055.00 to 1110.00. 1055.00 likely to be a extreme level.
As per our price action system, price is going to touch around 1161 or near about is, good opportunity to future / derivative players, always remember please do not consider this post for recommendation. our motto to share this only for education, we want you to learn about it and make money independently. feel free to ask me if you have any query at 9399375461
Escorts Ltd. has been in an uptrend since March lows, backed by enthusiastic buying by the Mutual Funds. However, in today's session (June 9 2020, post lunch), Escorts Ltd. has breached its Trendline and further finds resistance at levels around Rs. 954/-.
Note: For Educational Purposes. Fellow enthusiasts are welcome to share their views.
Whenever you see a higher time frame chart you should ask 2 questions - -
1) What trend is the market in ??
2)where are major levels of structure that you should be paying attention to - in that direction ?
SO in the chart i have shown above the answers are following
1) Trend is bearish
2) Major levels of support and resistance are drawn in Horizontal blue...
