Medium term trading opportunity in Escorts for Very Good ReturnHi,
NSE:ESCORTS has given a Bullish Flag Breakout on Weekly charts with very good volume.
MACD is also on the bullish side on Weekly time frames. RSI is also on the bullish side on daily, weekly and monthly time frames.
In the current market scenario, I am expecting that the bullish momentum will continue.
Complete price projection like entry, stop loss and targets mentioned on the charts for educational purpose.
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Escortstrend
Potential Breakout Alert: Escorts Kubota (KUBOTA) - Bullish Flagechnical Analysis:
Escorts Kubota (KUBOTA) appears to be forming a promising bullish flag and pole pattern on the charts, suggesting a potential breakout opportunity. The stock has shown a strong upward move followed by a period of consolidation, forming a flag pattern. This consolidation phase typically represents a temporary pause before the continuation of the prior uptrend.
Bullish Flag and Pole Pattern:
Flagpole: The initial sharp upward move in KUBOTA's price action forms the pole of the pattern.
Flag: Subsequent to the pole, there's a period of consolidation where the price oscillates within a narrow range, forming the flag portion of the pattern.
Breakout Potential:
A breakout from the upper boundary of the flag pattern could signal a continuation of the previous upward momentum, potentially leading to a significant price movement to the upside. This breakout point typically represents a bullish signal, attracting traders and investors looking to capitalize on the anticipated upward momentum.
Key Levels to Watch:
Resistance: Keep an eye on the resistance level near 2935 (example figure), which marks the upper boundary of the flag pattern.
Support: The lower boundary of the flag pattern, along with any nearby support levels, should be monitored to gauge the stock's ability to maintain its bullish momentum.
Potential Targets:
Based on the bullish flag and pole pattern formation, a potential target for KUBOTA could be around 3500 (example figure). However, it's essential to exercise caution and closely monitor price action for confirmation of the breakout before considering entry positions.
Conclusion:
Escorts Kubota (KUBOTA) is currently exhibiting a bullish flag and pole pattern, indicating the potential for a breakout to the upside. Traders and investors may want to keep a close watch on key resistance and support levels for confirmation of the breakout before considering entry positions. As always, it's crucial to implement proper risk management strategies and conduct thorough research before making any trading decisions.
Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Trading and investing carry inherent risks, and individuals should conduct their own research or consult with a financial advisor before making any investment decisions.
Please ensure to customize the price levels and targets according to the current market situation and provide appropriate disclaimers before sharing or acting upon this information.
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 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 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.
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
Long Escorts
Escorts
CMP - 1204
Stop - 1100 on DCB
Expectation -
T1 - 1380
T2 - Review at 1380
Expected Holding Period - 40 trading days or earlier for T1
View:- Swing
Disclaimer:-
Ideas being shared only for educational purpose
Please do your own research or consult your financial advisor before investing