Escortsshort
Escort -Intraday for 11.07.2022 (Monday)Long- above 1567 , 1567 is a strong resistance , if it reverse from this level then it may reach to 1546,
crossing above 1580 may push it to the level of 1613 which above our target.
Short - below 1547, which is a strong support, if it takes support above it the it may reach to the level of
1580, below 1547 all targets are quite achievable.
Escorts Break Down !! #AutoStock📈 Escorts Ltd. 📉
This Stock broke Down from a Down Trending Chanel after testing three times. It was in consolidation inside Channel since last four months and today that ended on Short side So I am biased on sell side as todays candle closed is strong red.
On Sell Side I am looking for Targets of 1595 and 1434.
StopLoss should be kept at 1860.
It offers 1 : 1.5 Risk Reward.
All Important Supports and Resistances are drawn in chart. All levels are on closing basis.
Please have a look and revert back if you need some more study on it.
Disclaimer : Consult Your Financial Advisor Before Taking Any Decision On This Analysis.