ESCORTS trade ideas
#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 !!
What a MoveEscorts Ltd. is moving like a JET.
I will update an idea on this stock soon.
Stay Tuned.
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(Intraday) Sell! Escorts
1. The Price just touched Monthly peak price of 911. About to form Double Top
2. Gravestone Doji Formation on an Hour Chart.
3. Sell Below 897 Target: 885 , 871 Stop Loss 911
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Escorts Retracement after Double topAfter creating double top on Escorts daily chart, prices are likely to go down now, as divergence can be seen in RSI by tracing a lower second top.
Retracements levels are highlighted on the charts.
ESCORTS BULLISH FOR 837 855 878 894 925Buy Escorts on Dips for 837 855 878 894 925
Short Term Traders Book Near 855-878
SL 800
Could be a good buyNear trend line 3rd time,
wait for it to break the trend line and give closing above trend line before initiating trade .
Target 1000++
INTRADAY IN ESCORTSINTRADAY IN ESCORTS
BUY@835(ABOVE)
STOP@830
TARGET@845
QTY=1000 (CASH)
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