NSE:ESCORTS
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.
The stock is in uptrend making higher highs and higher lows
1182 is a strong support for it
Short term target is 1325. Once it crosses 1325 and sustain above it the it can show an up move by 1500
Stock is respecting the trend line with good volumes
First target is 1423 in short term.
If it opens above 1377 today, it can show a good move
Refer to the below link on earlier idea
if Escort break trendline makes long Position.
Buy at 1278
Target at 1311
Stop loss at 1260
30/12 make Some noise in Escort
Perfect 0.5 percent retracement in Fibonacci levels
