Falling Wedge Pattern breakout in daily time frame, looks good to enter long positions, risky traders can enter above break out candle (3020 levels) there is some resistance above break out candle conservative traders may enter above 3080 levels with stoploss of swing low (at around 2640 levels) for the targets of 3300 and above levels.
-- Above analysis is for...
echnical Analysis:
Escorts Kubota (KUBOTA) appears to be forming a promising bullish flag and pole pattern on the charts, suggesting a potential breakout opportunity. The stock has shown a strong upward move followed by a period of consolidation, forming a flag pattern. This consolidation phase typically represents a temporary pause before the continuation of the...
Prices have given a breakout of the channel. This suggests that prices are likely to recover towards INR 3290-3300 in the coming weeks. Any weakness is likely to hold above the support of 2800.
For the last 3 months, the stock has been trading in a range that is forming a downward parallel channel. This moment, just close to the upper side of the formation. If breaks the upper level and sustains, this could be a breakout of a parallel channel.
Targets may be 3245/3440 or even more.
The setup is with a good risk-reward ratio.
The entry point should be...
Stock is at best Demand Zone. At this level it has got good Risk reward.
Good for Swing set up. Target and SL in Charts.
Safe traders Look for PriceAction.
if trigger line (Brown) goes above 60.81. may reach 67.35, cash price - 30-80
if trigger line (Brown) goes below 54.69. may reach 48.00, cash price - 25-60
If trigger line crosses over 54.12, may reach 65.50, cash Price may reach 55-90 with a gap up.
If trigger line crosses over 46.43, may reach 36.61, Option Price may reach 20-35.
If trigger line crosses over 51.64, it may reach to 62.64, 40 to 60 Rs in cash.
If trigger line crosses below 43.22, it may reach to 32.89, 26 to 35 Rs in cash.
Escorts is repeating its long term pattern on DTF.
Consolidation and Breakout. It may move upward and showing good RR ratio.
DISC: Only for educational purposes.
Escorts shows strong buying pressure, with institutional investors entering after consecutive profits made by escorts.
Escorts already broke my parallel channel pattern and made a huge move.
Welcome back! This time, we will analyze our third breakout stock, which is Escorts Kubota.
Chart is Pretty self-Explanatory so we are going keep it short. Here are some pointers.
>>Escorts has spent the past two years consolidating within a bullish parallel channel.
>>Today, it experienced a notable breakout, suggesting potential for a substantial upward...
