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Escorts Kubota Limited :LONG TERM TRADEEscorts Kubota Limited, formerly Escorts Limited, is an India-based engineering company. The Company offers solutions for agriculture, infrastructure and railways. The stock is in retracement stage on daily and weekly time frame forming a PENNANT PATTERN. The Pattern has been broken out a shown in the chart. The Fundamentals of Company are strong with a Market Cap of Rs 27,177 Cr and YOY stock yield of 13.77 % . Analysis on Weekly Chart : The technical indicators at current level are as under : CMP : 2107.05 MA20 : 2101.70 MA50 : 2083.82 MA200 : 2081.12 RSI : 57.47 crossing over MACD (12,26) : 6.97 ADX (14) : 28.98 ( Directional Strength - In range ) ATR (14) : 17.07 ( less Volatile ) The Targets are as detailed in the chart , and is a strong buy.
NSE:ESCORTSLong
by chakraveer1104
Long position Opportunity in CDSL after big correction.A good opportunity to enter in CDSL after a big correction in market. In chart we can see previously, the trendline acted as a resistance and now the same trendline is acting as a support line/zone and bullish slash candlestick pattern formation can also be seen on the trendline. After a correction a good upside move can be seen in recent/today's (30th August) candle. The Risk Reward reward looks very much favorable in this trade soo... Would suggest to go long for the target of 1287, 1360, 1424 and the final ultimate target of level 1580, Can expect this ultimate target in coming 8-12 weeks. Go long With the strict stop-loss of 1170 level (only on candle closing below basis). THIS VIEW OF MINE IS PURELY BASED ON TECHNICAL CHART, BEWARE OF NEWS AND OTHER FACTORS WHICH CAN AFFECT THE MARKET SENTIMENT.
NSE:CDSLLong
by Ankushkokane