This is a fundamentally very good stock
the stock is in good momentum and this is the right time to enter in the stock as stock is in its dip
when buying on dip works?
when the particular stock is making higher highs and higher lows with rising buying volume
bullish flag pattern is created in the chart - which is a continuation pattern
ESCORTS KUBOTA LTD
#WondersOfPC
Technicals:
• Today's candle showing strong support for the Parallel Channel
• Taller green towers indicating strong built up for bullish view
• RSI entered in 60 Zone
• Relative strength green
Fundamental News: 21-Nov-22
Escorts reveals mid term Business Plan
ICICI Securities on Escorts:
-FY28 Guidance to increase export...
ESCORTS:- The stock has been moving in a narrow range for the last 2 months on the daily chart giving the stock breakout.
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other...
Escorts Kubota in a really tight range, Either accumulation or distribution going on !
Mostly, Distribution going on, wait for a really trending move.
Keep it under your radar is my request
Escorts is moving up swiftly by making HH_HL structure on charts, expecting it to move up in the coming weeks.
Entry-2000
Stop-1905
Target-2335(16%)
This will be my positional trade.
Stock Name - Escorts Limited
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 2089
#This is not Buy and Sell recommendation to any one. This is for education...
Escorts has started in parallel channel since beginning however it has still not given reversal from upper edge of the channel. So probability is high it may be able to break upper edge of the channel.
It has given highest ever monthly closing and getting tail wind from the auto Index as well
This is a public swing trade idea and is only for Learning and observational purpose. Please understand your risk and take full responsibility of your actions. I might trail my stoploss after I get an entry but even if my original Stoploss hits, i exit the trade with pre-planned loss (risk). At target, I book usually 75% positions and trail stoploss for rest. ...
Stock Name - ESCORTS Ltd.
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 1849
#This is not Buy and Sell recommendation to any one. This is for education purpose...
1. Buy above BO 1195
2. TARGET 1270/1380/1460
3. SL 1080
Analysis:
1. Breakout happened on descending channel
2. Trend reversal started at harmonic PRZ and support level. Now It is in accumulation phase.
3. Next would be uptrend if it breaks the accumulation zone.
Disclaimer: This is educational purpose only.
Please share your thoughts in the comments...
Long- above 1567 , 1567 is a strong resistance , if it reverse from this level then it may reach to 1546,
crossing above 1580 may push it to the level of 1613 which above our target.
Short - below 1547, which is a strong support, if it takes support above it the it may reach to the level of
1580, below 1547 all targets are quite achievable.
