ESCORTS trade ideas
Escorts BUY @ Support(near trend line) for the Target of 1500Escorts buy @ 1300 to 1310 for the target of 1500
It will take support @ trend line In day chart
For the stoploss of 1285
ESCORTS LOOK OUT FOR THESE LEVELS!!! ALL THE LEVELS AND PATTERNS ARE MARKED ON CHART, RED ZONES DENOTES SUPPLY ZONES AND GREEN IS FOR DEMAND ZONE .
BUY NEAR 1335.
The indicator used:
1) Daily Lines plots Daily 20 (BLACK) & 50 EMA (GREY) on lower time frame charts
2) TE-REKAB
- PB : PULLBACK
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The analysis is my POV, hope you got bucks in your pocket to consult a financial advisor before investing :P :)
HAPPY TRADING!!!
Escorts making double top and channel patternIt is giving breakout we will go with our strategy and watch if it works
Escorts Channel BreakoutThere has been a channel Breakout in Escorts on the 15 Minutes time frame, it has taken a proper support on the resistance line.
Huge accumulation of volume is seen.
According to me a good upside move is possible in a day or two.
CMP : 1340
Target : 1430-1450
Escorts , DOUBLE BOTTOM in downtrend !!!!!!!!Escorts been in downtrend from last week , yesterday formed double bottom and gave some upward movement . Now if a trend break happens , we can go for buy side . 1324-1320 are major support level !!
Buy above 1346 , target 1368 - 1380 - 1400 , SL 1324
Sell below 1324 , target 1295-1290 , SL 1340
Escorts - Buy in DipsCmp – 1406.70
Stoploss – 1338
Resistance – 1445
Currently in a range between – 1435 & 1369.
Tentative targets upon breakout – 1528/1571
Broadening formation pattern :
Buyers become increasingly willing to buy at higher prices, while sellers find ever more motivation to take profits.
Note - This is for educational purpose only .
ESCORTSBreakout and pullback structure.
Price took support multiple times at EMA50.
At this moment, price is near to EMA50. So, if it won't break EMA50 then it might move up from highlighted area.
Good opportunity to buy between 1320-1340. (SL - 1275)
Use for Education Purpose.
Trade according to your analysis.
Note:- This is my Personal view. Contact your Financial advisor before taking any Investment decision.
Resistant turns support in ESCORTS - Swing tradeResistant turns support in ESCORTS . Wait for candle close above 1448 . This is Swing trade . So has to be hold for few days for good returns
Disclaimer: All charts are purely for educational and information purpose only. Invest or Trade at your own risk.
Rounding Top patternThe stock is approaching an important S/R level and looks weak below 1324 level.
Escorts formed bearish patternEscorts fromed a double top pattern pattern and it is near to it's previous swing low level making it bearish.
Sell escorts below 1380
Tgt: 1371, 1363, 1354
Sl: 1393
Escorts good short candidate.Escorts spot CMP 1380 levels.
Elliot wave projection :- Counter is trading around the maturity levels of impulse wave 3. if corrective wave 4 unfolds around this levels price might correct to 38.2 to 50.00% of wave 3.
Chart patterns :- Double top formation
Double top formation is observed on daily time frame ,, pattern breakdown confirms once the nearest support horizontal trend line is broken and sustained. on breakdown price action matters a long,, there should be large bearish bar formation with increase in volume...
Rising contracting wedge formation :- price trading around the resistance line of rising wedge formation,, in past prices have respected this resistance line and fallen from this levels.
RSI indicator :- Price is making higher high where as RSI is making lower high,, bearish divergence.
Good short candidate..
