💚short term buy💚
enter @ 1820-1840 range
reasons for this entry 🧾
🍁technically postive chart.
🍁good rejection from the support zone.
🍁major competitior is escorts
do your analysis then enter
Escorts have given a tremendous result and monthly sales on YOY has also grown up.
This stock has recently formed a doubt bottom pattern on its support zone of 1180-1200 levels. The stock has given a breakout on the hourly timeframe and have gone past 1400 but could not close because of the resistance at 1420 levels.
All levels are mentioned on chart along with...
A decisive break below 1200 stock might correct towards 1170/1145/1110 in the near term and towards 1075 in the next couple of weeks SL can be placed @ 1265
All ideas shared are for educational purposes.
After a good retracement in the stock, It is making symmetric triangle and RSI is trading above 45. We can expect a good rally in the upcoming days if it is trading above 1384 and view negated below 1269.
Disc: Not a trading recommendation. Educational purpose only.