Escort stock is trading in the range for some time & ready for BO. stock can be taken between 1170-1180 for the Target price of 1285 with SL of 1150. Stock is testing resistance various time & expected BO for this time. RSI is also showing positive divergence. This is for your educational purpose only.
Escorts has bounced off an important trendline support, and has broken through a short-term resistance. I will look for 1280 in the next few sessions. Also, I will keep an eye on dips before the next results day (last week of July?) for buying opportunities. In my opinion, the stock should go up significantly (upwards of 1350) after results.
Escorts has been a good stock for investing and the chart patterns are indicating a short drop July - October followed by a bull run for a year from November-November. Given the good monsoon till now (though by latest news it has halted before it reached the northern states) the price is likely to rally. It is a good time to slowly accumulate the stock. A dip...
Escorts - Cmp 1216.50
Breakout and re test candidate. Looks good to go long at cmp with 1185 stop loss on closing basis. Possible targets 1265/1315/1385.
ESCORTS has seen multiple Support/Resistance cycles at 1180 zone where we saw this zone turning from support to resistance and to support once again. The stock broke out of this zone last week and has done a successful retest followed by a continuation of the price action. RSI is also in the bullish territory which is a good sign. We are bullish on the stock for...
