Escorts: Down Trend Continues for Long...NSE:ESCORTS
As per 5 Year chart view, Escorts is in downtrend for past 1 year. I expect Escorts will continue its downtrend for long. I have mentioned resistance line in chart and Target 1 will be @ 500 zone. Once it Break next target 2 will be announced soon.
Shorts
Freshtrop(-)ve diversion on RSI chart indicates some more selling will follow . Expect it to settle it by 169-165 before some fresh move . This small correction will also complete the 50% retracement of the current move which it had 89 to 219 levels.
Have a look!! on DCB Bank perfect for shorting...DCB Bank is getting prepared for making a good triangle break....
and RSI Negative divergance is a good indication...
One should get ready to sell DCB Bank below 190
with the targets of 185/180/170 and SL 195
Note: This Idea is published before also but haven't mentioned negative divergance
Do your own study before making any position...
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