ESCORTS
#ESCORTS : wait and grab opportunityEscorts, a leading company in the auto sector, has shown a significant price movement as per the wave theory.
The price movement from June 2022 to December 2022 indicates the completion of an impulsive wave of 12345. It is a well-established principle in Elliott wave theory that after the completion of a five-wave sequence, the index or stock tends to experience a correction phase.
It is noteworthy that Escorts is currently in the final phase of its correction, with Wave C in progress after the completion of Waves A and B. It is anticipated that the support level for Wave C will likely be at the level of wave = wave c.
After the confirmation of a reversal, traders may consider taking trades according to their risk preferences. However, it is essential to note that trading always involves risks, and one should conduct thorough research and analysis before making any investment decisions.
NSE ESCORTS - could break below 1900 and all the way to 1700* Momentum to the downside with alll the loving average on top of each other
* Momentum is trending lower with a squeeze taking it below 1900 very likely
* IV is quite low (25%) for this stock and hence the put sellers could panic is the stock goes below 1900 selling aggresively
* Stop at 2050 and a target of 1800 (if and when 1900 is cleared)
ESCORTS: GO LONG OR GO HOMEAfter nearly 6 months of stalking, escorts has presented an opportunity. on 12 April I entered the stock prematurely, incurring a 2% loss. But now, 100 points lower @ 1113, the stock has posted a positive divergence between momentum and price action. With a slightly bigger stoploss of 4% (1170) the stock looks ripe for T1 of 15% and T2 of 30%. Time frame- 2 to 3 months.
Swing trade ''ESCORTS''
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: Leading to Breakout with strong SupportESCORTS 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 contribution to 15-20% of total sales.
-Exports to be up over 6x from FY22 levels. RoCE up from teens to 25-30%.
-Targeting ~3X revenue growth over the next 6 years, leveraging the opportunities in the Railway segment.
Buy- At levels of 2100 or above
Short term target-2370
SL on closure basis- 1994
Escorts Kubota LimitedESCORTS:- 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 ideas to get to know about all the successful trades based on price action.
Thanks,
Ajay.
keep learning and keep earning.