Escorts - profit booking to continueSell from 1095 to 1102
1 hr clbs sl 1109
tg 1053
Disclaimer : This is my personal analysis for study purpose not intended for trading.
ESCORTS trade ideas
ESCORTS, ASCENDING TRIANGLE, LIFETIME HIGH, LOOKING STRONGESCORTS is trading at life time high. It has formed ascending triangle for past one week and looking strong post 1065.
It should sustain above this level for a while to ensure it is not fakeout and probability will increase multi-fold if we see pullback and continuation.
Price action trading is a process of using price to analyze stock possible movement. Keep your charts as simple as possible so that you keep focus on most important element on chart "PRICE".
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Reach out if you wish to learn simplest form of price action and willing to put effort in practice.
Cheers!
Piyush Gupta
ESCORTS LONGHELLO GUYS,
1. escorts is above 200dma on the daily timeframe,
2. it is forming higher highs and higher lows on monthly timeframes.
3. as per Fibonacci it can achieve 1570.
CMP 1072
TARGET 1570
STOPLOSS 1000.
peace out!
ESCORTS - Will it make a new LIFE-TIME HIGH?ESCORTS
#ESCORTS trading near its life-time high and has given a breakout from the upward trending channel.
The prices are consistently taking support from 100EMA & 200EMA & are facing resistance from strong SUPPLY ZONE on the top.
RSI is above 60-level.
TT2 15mins trend is BULLISH.
Once the high of 1069.25 is broken with volume and conviction, the stock might swiftly give a move of 1-2%.
KEEP AN EYE!!
***in case of GAP opening, the given levels become invalid.
***this is my personal view. Please take advice from your financial advisor before investing.
Go LongEscorts in 1 day it's make symmetrical pattern
go long if it's open last day closing price
SL is below 1045
Seem, Escorts has been taking good support Escorts has been taking good support and shown high and higher close..It will good to buy once reversal from the support trend line.
Closed at 52 week high Could see 1600 in shot term . Good investment for 6 months to 1 yr time frame.
ESCORTS new lifetime high & retracement to 23,6 fibo.1. Stock is reversing after making a new lifetime high.
2. Go long on at 23.6 fibi retracement of prior uptrend i.e. 923.60.
3. RSI divergence is observed in daily TF, trade with tight stop loss.
Escorts long for couple Rs profitStrength look goods and monsoon also supporting can buy for long 1st target 996 2nd target 1006
ESCORT FORMS A INVERTED HEAD AND SHOULDER PATTERNIT FORM A INVERTED H AND D PATTERN IN WEEKLY AND NOW THE PRICE IS NEAR THE RESISTANCE.SO IT BREAK 1019 LEVELS CHANCE IT GO FURTHER HIGHER LEVELS OR IT REVERS FROM RESISTANCE IT"S MOVE TO DOUBLE TOP PATTERN.
BUY ESCORT 6} ESCORT 984
RESISTANCE : 994 1003 1024
SUPPORT : 976 968 956
BUYING RANGE 956 915 SL 880
NOTE : 915 895 is the main support after that trend will be change . So watch 915 895 as a main support. 1024 is the main resistance . Support and Resistance on closing bases
Multibagger Longterm Portfolio share. This analysis is for longterm as i have choose monthly timeframe.
Reverse Head & Shoulder pattern is forming in monthly timeframe an many more indicator suggesting bullishness.
One could really consider this one for longterm investment.
****Disclaimer****
Trade with risk management but don't get afraid of taking risks because at the end winner is who takes calculated risks.
