ESCORTS
Can Escort break the trend line on the Weekly chart ??Here in this weekly chart of Escorts , -
I have shown the
1) Support and the Resistance
2) Trend line resistance
Mac-d is currently on +ve side on weekly chart
Price is above 200 Sma and is pointing upwards
Price is at a support level on weekly chart
Critics are welcome to comment on the above chart !!
ESCORTS - STRATEGY FOR SWING TRADERS! - SHORT TERM PLAN!HIGHLIGHTS:
1. If 630 breaks, expect a move to 610-615.
2. If it manages to push above 650, expecting it to reach 680(0.5 Fib level) and above.
3. EMA(26)- 674
4. EMA(50)- 683
Trade as per the marked swing points, trend line and Fibonacci level.
Try to lookout for confluence of these parameters, don't trade solely using any one of these parameters.
P.S : This is not an investment advice. This is for learning purposes only. This is my personal journal.
Invest your capital at your own risk.
SHORT TERM BUY ON DIP || ESCORTS || SL 599Buy Escorts on a dip with a SL of 599 and potential targets of 628 and 648.
Adjust trading volumes as per entry price.
Disclaimer :
All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs. Any opinions, news, research, analyses, prices, or other information offered is provided as general market commentary, and does not constitute investment advice. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
ESCORTS - An interpretation from Trading view usersI thank all the users of the trading view for the comments on my previous post on Escorts. (link posted below).
it was an over whelming response and i was very pleased to hear from everyone
Thanks once again for spending your valuable time and pondering over the wave patterns
In fact i am a novice in wave labeling , and i understand there can be multiple views at a given point of time
Here i present before all - The view i guess is most probably right at this given point of time.
it may change in the next hour or so , so please do correct me if i am wrong
ps - This is a view based on my understanding as per the help given by other users of tradingview . So a big thanks for all those who helped me to make this chart . Again i say i may be wrong in my understanding.
Au revoir