ESCORTS
Escorts ShortI hope you can now see how Escorts represents an excellent low risk profit entry setup allowing you to trade in the market.Take positions so that the risk/reward is in your favor.
Knowing why, where & when a strong reversal signal is being generated will be the only way to capitalize on your technical analysis .
Disclaimer: It should not be assumed that the methods, techniques, or indicators presented in these chart will be profitable or that they will not result in losses. There is no assurance that the strategies and methods presented will be successful for you. Past results are not necessarily indicative of future results. You should not trade with money that you cannot afford to lose. Examples presented in these products are for educational purposes only and it should not be assumed that these are indicative of ordinary trades. These setups are not solicitations of any order to buy or sell. The publisher assume no responsibility for your trading results. There is a high degree of risk in trading.
ESCORTS KEY LEVELS SUPPORT AND RESISTANCE 18/06/2020 THURSDAYKey Levels for ESCORTS : INTRADAY CHART ANALYSIS
UPPER BREAKOUT~1003.15
FIRST TARGET~1008.15
INTERIM RESISTANCE~10013.95
FINAL RESISTANCE~1019.75
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LOWER BREAKOUT~989
FIRST TARGET~983.20
INTERIM SUPPORT~976.15
FINAL SUPPORT~969.90
My views are for educational purposes only.
Please trade with caution and consult your financial adviser before trading.
ESCORTS - Breakout and PullbackNote: This is for educational purpose only.
Escorts seems to have broken the resistance. Resistance turned into support. "Bullish engulfing" candlestick pattern formed after 1st pullback to resistance turned support line. This is an indicator of start of a fresh trend. If the price of next candle closes above high of current candle. This will be a confirmation of start of uptrend.
Escorts Ltd. breaches TrendlineEscorts 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.