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ESCORTS KUBOTA LIMITEDESCORTS KUBOTA LIMITEDESCORTS KUBOTA LIMITED

ESCORTS KUBOTA LIMITED

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ESCORTS trade ideas

A remarkable breakout in Escorts KubotaWelcome back! This time, we will analyze our third breakout stock, which is Escorts Kubota. Chart is Pretty self-Explanatory so we are going keep it short. Here are some pointers. >>Escorts has spent the past two years consolidating within a bullish parallel channel. >>Today, it experienced a notable breakout, suggesting potential for a substantial upward movement. >> In terms of fundamentals, the company is achieving its highest-ever sales and profits. >>Also the promoters have doubled their holdings, and both FII and DII participation is increasing. These factors point to a promising outlook for this stock. Entry & Targets- >>If this breakout candle sustains above the line quite well in the 1-day time frame, we can consider purchasing this stock. >>We will place our stop loss below the breakout candle at the 2500 level. >>Considering the promising growth, we can take a long position in this stock. Do consider pressing the boost button🚀🚀, It helps me bring more interesting analysis. And if you've any question and suggestion please feel free to post in comment section. Please note I am not SEBI registered. Do your own research before investing.
NSE:ESCORTSLong
by BullishLine
2
FOUR POINT TRENDLINE/BOX TOUCH - A CASE FOR BULLISH PATTERN I have observed on numerous charts that price moves & touches the trendline or top/bottom box nearly four times, sometimes five times too before it breaks out. It happens on all time frames and it needs to seen, observed, studied and used diligently for taking trades. When market makes a high and goes into consolidation it can be encapsulated in a bounding box. Sometimes it makes a new low with a new box below the original box. This retracement can be of varying fib levels (ie from 0.618 to 0.382 levels). The price vibrates within the box with several swing highs and lows. The trendline on these local swing highs and lows can also go through iterations of four point touch and break out. It is generally seen that second point touch is generally the divergence and third point touch with breaking of local trendline looks promising but is just going for a third point touch only to retrace back. If fourth point touch is a strong candle there may be imminent breakout towards the top of box. Breakout. Sometimes the followup candle is a break out candle or sometimes it takes several weeks of further consolidation for a breakout. The breakout if it occurs at third touch point may turn into a false breakout only to correct later. This logic exactly rhymes with Mark Miniverni VCP philosophy. Market converges in so many ways. The path to GOD are different but destination is the same. Alongwith it also can be clubbed the concept of twin trendline. There is a first trendline break thereafter is the second trendline touches. The trend develops when there is a second trendline and box break. One can see several price patterns like triangles, flag, cup & handle etc within the box. If you plot the pitchfork the nature’s geometry also matches the four point touch logic. Boxes, trendlines, pitchfork are the simple but powerful tools given only if you can use it. This is just a guideline and not a holy grail for every stock has a personality and DNA. Its vibration have to be adapted to four point touch logic and future predictions can be done. Sometimes the answer to the question is there in front of us but for our limitations to visualise. With this four point touch logic we will be able to differentiate between which is a major move and which is a minor move whether its a retracement or a correction. The language of major move is prominently visible with candle strength and volumes on larger timeframe. I learnt it the hard way from trade in Bajaj Auto. Views Welcome Regards
NSE:ESCORTS
by upendravisal
Escorts Kubota - BuyEscorts Kubota has a picture-perfect chart all along. Notice the series of higher high with nice phases of consolidation from time to time. This shows that the bulls are strong and were just taking a breather before the start of an another upward move. Technically it is forming a higher high lower low structure which indicates that the stock is in uptrend and it gave a breakout of Inverse head and shoulders on increased volume and has consolidated in a range after that and has now given a breakout. Confirmation from other tools like Volume & 14-day RSI provide additional support towards my analysis Thus, one can take a long position with the 14-day RSI confirming the trend. A buy position can be taken with a close above 2250 with a Sl of 2210 and a upside target of 2330 and 2370.; Conclusion: The stock looks good for another round of outperformance. A gradual move towards 2330 and eventually 2370 is most likely.
NSE:ESCORTSLong
by vedgawkar
Higher highs and higher low patterns in EscortsI have analyse this on weekly time frame, and i found it is trading in higher highs and higher low patterns, this is a proper bullish momentum and now it is going to make higher highs from these levels, and this upward cycle can take ESCORTS towards 2400+ levels. I have done analysis on daily time frame also and i found,,,A rise in volume with a bullish candle at the market supports the bullish view in Escorts. According to daily timeframe price has surpassed the resistance from a falling trendline. The breakout candle is supported by a rise in the volume. RSI is moving in sync with the price. MACD is sustaining above its zero line. The price is touching its upper Bollinger band which is a sign that the buying interest is intact. All these observations are seen in the daily time frame. The Price can rise up to 2250-2450+ levels and above that, Stop loss will be 1950. Always trade Carefully use proper given stop loss. If anyone like my work then please appreciate me by like and follow and also comment you view on this trade. Thankyou
NSE:ESCORTSLong
by TraderRahulPal