***** 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...
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
Escorts 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
ESCORTS 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….
Follow THE DECISIVE because WE HELP YOU TO DECIDE!
Downtrendline break in daily chart.
When it hit the down trendline there was series of red candles in 1hr chart but the volume was diminishing on successive candles.
11th june candle opens with gap up and closed by breaking downtrendline(shows good buying momentum).
on 1hr chart it is retest after the trendline breakout and on 15min chart it has...
CMP - 1204
Stop - 1100 on DCB
T1 - 1380
T2 - Review at 1380
Expected Holding Period - 40 trading days or earlier for T1
Ideas being shared only for educational purpose
Please do your own research or consult your financial advisor before investing
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