ESCORTS LTDStock Name : #ESCORTS LTD
LTP : 3750
Price is moving in a Higher highs and higher lows pattern
Showing a bullish uptrend 15 Minutes Time frame..
15 Minutes breakout done after that Bearish Marubozu candle indicating Retest
We Can add it above: 3800 Range
Targets Will be 4000
Stoploss 3755
Escortsbuy
Falling Wedge Pattern breakout in Escorts.Falling Wedge Pattern breakout in daily time frame, looks good to enter long positions, risky traders can enter above break out candle (3020 levels) there is some resistance above break out candle conservative traders may enter above 3080 levels with stoploss of swing low (at around 2640 levels) for the targets of 3300 and above levels.
-- Above analysis is for educational purpose only, do your own analysis before entering the trade and do not invest more than 10% of your capital in a single stock.
Escorts trade analysis for this week 30/05/22.Escorts on weekly time frame is forming a bearish flag and pole pattern.
Its trading in a parallel channel and has closed near its 200 DMA.
The stock can be a nice trade in this series.
Support :- 1572, 1543
Resistance :- 1651, 1700
Wait for the price action to form near the resistance and trade the parallel channel breakout.
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 Future Trade Set Up Lets have a look at the Escorts futures Daily chart and you can see the breakout given in Escorts, Now the futures traders can buy escorts anywhere between 1240 to 1274. Stop Loss for this trade can be kept at 1190 & expected levels on charts are 1383 & 1447, according to the price move stop loss can be trailed.
Only for Educational Purpose