ESCORTS AnalysisDisclaimer: All charts are purely for educational and information purpose only. Invest or Trade at your own risk.
ESCORTS trade ideas
ESCORTS Looks good for LongEscorts had been rallied past few sessions and saw some consolidation at the top, with reference to the last 30 mins candle, there occurs a volume breakout in the last 30 Mins candle and resists the daily support range of CPR. So there are high chances for BUY.
Enter BUY above Rs.970 with SL of Rs.960
Enter SELL below Rs.960 with SL of Rs. 970
ESCORTS CASH : GOOD TO SELL BELOW 960 LEVELSESCORTS CASH
04.06.2020
GOOD SELL BELOW 960
STOPLOSS 975
TGT 936/916
CMP 977
ESCORTS.. resistance hitESCORTS nnon stop move hit reistance and also formed a bearish daily bar, any upmove to 920 can be shorted with SL above 920
for targets of 835
can correct without rebound also
short ESCORTS at 1000levlesi think history repeats again,
volume is also decreasing week by week.
sell at 1000-15levels, if inverted hammer
or long wick or some other bearish candle
formed.
* this view is not for intraday.
#LETSTALKABOUTMARKETS - ESCORTSEscorts has been the outperformer stock of this pandemic in my views. It has crossed it's previous highs already and has no aim of correcting looking at the way it is rallying. But technical indicators says something else.
1. RSI- If we have a look at the RSI, it does not give us any positive signs. There is a negative divergence that has started since 30th jan. I have marked it on the charts. I don't know whether to interpret or no as there seems to be no stopping this stock.
2. MACD- MACD has topped out or atleast it is in the overbought zone. Last time also when the MACD divergence happened from this zone, the stock corrected almost 14% before falling prey to the covid-19 hit.
To be honest i do not have a clue about it, It might not even correct but buying at this level doesn't seem to make sense. One can think of selling around 1000 mark with a strict stoploss as per your analysis and capacity for 850 levels. This stock is meant for correction according to the divergence.
Please share your views if any!
escortsescorts already triggered it's long trade. first target 820. second target 880 . third target 930. though it takes it time to reach the level. so buy at dip sell on rise... be careful ... stay at home stay safe happy trading..
Long EscortsWatch out for the breakout from the triangle pattern, Can expect a good up movement of 20-30rs, SL can be kept below the trend line 900. Targets of 930-940 RR 1:3
Escorts: LongIf price action supports tomorrow and opens around 909
Long: 909
SL :902
TGT: 918-920 (trail SL )
PRICE ACTION STRATEGYSTOP LOSS, ENTRY PRICE AND TARGET WILL DECIDE ONCE IT BREAK THE RESISTANCE ZONE
Escorts Ltd. - CAN IT BREAK THE 52 WEEK HIGH ??Escorts Ltd.
The stock is trading in a range for 5 days now and is trading near 52 week high.
Technical indicators are bullish. Time-Trend is also BULLISH.
If price trades above 909-919 Supply Zone, a breakout is expected. After a breakout, confirm the conviction in the BULLISH trend before entering the trade. Place a strict Stoploss.
KEEP AN EYE !!
