Escortsinvestment
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.
Escortsone of best setup nearly 1 year consolidation breakout in progress it is consolidated very good at 1100 to 1600 levels means breakout above 1600 can hits 2100 in medium term as per technical chart but presently good flag formation above 1600 closing lead to 1700 n 1800 in nxt 30 trading session. also its less liquid counter goes in fno ban frequently so we will watch how it will respect TA.
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 Great Investment Escorts appears to be a sensible purchase as a larger wave 1 & 2 has completed, indicating that there will be a substantial rally in the uptrend, leading to a goal of 2415.55 if it breaks all of the targets listed below.
The targets for a strong positional investment during the next 200 days are shown below.
1st Target - 1486.20
2nd Target - 2054.70
Escorts short (Weekly)I hope you can now see how Escorts represents an excellent low risk profit entry setup allowing you to trade in the market.Take positions so that the risk/reward is in your favor.
Knowing why, where & when a strong reversal signal is being generated will be the only way to capitalize on your technical analysis .
Thank You
Disclaimer: It should not be assumed that the methods, techniques, or indicators presented in these chart will be profitable or that they will not result in losses. There is no assurance that the strategies and methods presented will be successful for you. Past results are not necessarily indicative of future results. You should not trade with money that you cannot afford to lose. Examples presented in these products are for educational purposes only and it should not be assumed that these are indicative of ordinary trades. These setups are not solicitations of any order to buy or sell. The publisher assume no responsibility for your trading results. There is a high degree of risk in trading.