ESCORTS trade ideas
ESCORTS has still strengthNSE:ESCORTS is showing some consolidation today. If it closes above 1265 then we can see 1300 levels soon. Golden crossover is also seen.
Probable Reversal of Intermediate Trend of ESCORTS(NSE)NSE:ESCORTS
The specifics are mentioned in the chart itself.
Price of Escorts has been in a Sideways Pattern(Broadening Formation) since May.
Since June, it has entered into a Head and Shoulders Bottom.
On Aug 10, the H&S Bottom pattern was broken and was tested multiple times for the next 2 days(clearly visible in 1H timeframe chart).
This validates the theory that there is high probability for the price to exit consolidation and begin an Uptrend.
ESCORTS can consolidate for a day or twoNSE:ESCORTS showed some profit booking in the morning but buying started in the later half. It may consolidate for a day or two. Signs of weakness are not visible yet.
escorts deep crab longlong for target of 1302 maintain stop loss of 1233 and candle must not close below this
ESCORTS - No Stop loss Low Risk PickPure price action analysis. With the low risk setup that I see here , I don't think I would need a stop loss.
1,2,3 Pattern on display is the beginning of every great move and when it falls within a pattern of a triangle breakout and retest as well as an inverted Head and Shoulder pattern + a reversal at RSI bottom what else do I need.
Holding with Patience. Don't ask for time frame. Ride the setup and enjoy the journey (slow/fast) to its destination.
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Always keep a stop loss to rescue you out of troubles if not sure and trail the stop loss as the price rises.
EscortsEscorts gave range breakout. Low risk in this trade can enter at current market price. Levels mentioned on chart
ESCORTSwith increased volume.........................................................................................
Swing Trade - EscortsEscorts on daily chart has given breakout with really good volumes, expecting more upside momentum in upcoming days, keep tracking
ESCORTS taking off to Newer Horizonsconcall and recent investor meets from management ensure the team is very optimistic on demand uptick on anvil ,growth prospects to better in their moderate south & west markets YOY ,commodity inflation being passed on playing a balancing act on stabilising demand & outlook .,importantly debt free co. ..ton of a cash on B/S awaiting newer pastures oflate ventured in recently like the construction segment to propel further with infrastructure pacingup. one can delve more as always.......!
Trend AnalysisEscorts has a great Q1 result and the chart seems bullish. It has almost broken out of a resistance trend and the upside is good
ESCORTS daily candle and volume are showing something goodNSE:ESCORTS is showing a big candle today supported by volumes too. Can see good momentum continued for the next few days. 20 DEMA has crossed 50 so it's a bullish sign.
Escorts - Good RR trade - 1:2 ++Escorts can be trades for an upside gain of around 12%.. 1:2 ++ setup. Plan your risk before taking any trade.
Escorts - Resistance Breaking PossibilityEscorts :
Broke Resistance, Looks good above 1260, Support at 1238
Escort at supportEscort after breakout, is retesting BO levels.
Stock is having support at 1137 on closing basis.
PS: please consult before investing.
EscortDouble bottom in formation
If it crosses previous high then double bottom pattern breakout will be seen..
A very good upside is seen whenever double bottom breakout is seen
Escorts - Strong Resistance ViewEscorts :
Getting Rejected from Strong Resistance
Good only above Breaking the resistance
ESCORTSESCORTS
Flying since 4 days
volume supporting here
near to resistance
wait for Resistance BO
For Educational purpose only.
Escorts bullishStock underperformed alot. Buy now it is exploding. Entry sl target mentioned on chart
Escorts good long candidateEscort spot cmp 1138
Bullish butterfly pattern formation
Good long candidate
