Auto Sector - Ready for an upside ?Forming a flag patter, breakout might happen on upper side, look out for auto index cross 10900.
Stocks to watch out for if we see a bull run in auto stocks :
1) M&M
2) Escorts
3) Bosch
4) Ashok Leyland
I am particularly bullish on M&M.
Disclaimer : Bought M&M at 794
ESCORTS
ESCORTS Share Trend Analysis by THE DECISIVEESCORTS having 16000 CR market cap & engaged in Manufacturing of Tractors, tractors engines, earth moving equipment & all types of brake used by railways.
On Daily Time frame it is making a good pattern of higher low & taking reversal from support towards 200 EMA.
Expecting a good move from here onwards….
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This was just for educational purpose only & not recommending to BUY/SELL of any Script.
Escorts: Long Retested 9 and 21 EMA, followed by bullish candleHello Traders,
Escorts seems to be forming a good bullish up move.
It can be traded as follows:-
CMP: 1382.
Entry price: 1375-1395, wherever we can find the entry.
Target price: 1495
SL: 1308
Please note that the SL is a daily SL.
Escorts has displayed a decent sized green candle supported by volume candles. Before that it also retested 9 and 21 EMAs. It has closed today above its weekly and daily resistances. Thus expecting a good upward move.
Happy Trading!
Escorts - Good stock a short term swing trade🔴DISCLAIMER
***** It's just for an educational purpose and so you must also follow your own technical analysis before taking up the trade ******
Aggressive traders enter at the breakout and conservative traders may give entry after retracement (Retracement is optional, we cannot expect every stock to take a retest after the breakout, it may also continue to have its bullish pressure after the breakout)
After reaching our targets, trail your stop loss to get maximum profit from the stock in a single trade
Escorts good long candidateEscorts spot cmp 1225
Time Frame :- Daily
Study :- Elliot wave
good formation seen in this counter,, on verge to give breakout,, confirmation of price action move is pending,, once breakout confirm,, counter would move on to complete its impulse phase,,
Good bullish candidate






















