Rounding Top patternThe stock is approaching an important S/R level and looks weak below 1324 level.
ESCORTS trade ideas
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..
Escort EducationCMP 1399
No Buy Sell Suggestion.
B1 1390
B2 1350
Orange, Pink, Blue lines are trading patterns for short to long term.
ESCORTS FLAG PATTERN 1HRTHE STOCK HAS GIVEN A GOOD BREAKOUT OF THE FLAG PATTERN ON HOURLY CHART
AND HAS CLOSED ABOVE IT TODAY
TARGETS 1436 AND 1447 ON INTRADAY
SL 1407
escorts can give a big move in intraday in sell and buy bothIntraday sell escorts at 1395-trgt-1383 and if breaks 1382 then
trgts are-1375-1367 and buy at-1310-1313 range trgt-1319-1324++
trade after looking Rsi and volume if any need then i will update.
plz like,comment my work.
note-trade at own risk otherwise watch my trade first.
Escort at support after breakdown can go further downconsolidating at support after breakdown can give a good downside move
[Positional] Escorts Double Top PatternThis is third time I am posting Escorts short over same or similar pattern and already have two lots so I will personally skip this one but pattern is valid.
No trigger yet.
As per the charts.
Note -
One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells at "where" to act in "what direction. Unless it triggers, like, let's say the candle doesn't break the level which says "Buy if it breaks", You should not buy at all.
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I use shorthands for my trades.
"Positional" - means You can carry these positions and I do not see sharp volatility ahead. (I tally upcoming events and many small kinds of stuff to my own tiny capacity.)
"Intraday" -means You must close this position at any cost by the end of the day.
"Theta" , "Bounce" , "3BB" or "Entropy" - My own systems. Please refer to the link to my footer and explore further if You want.
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I won't personally follow any rules. If I "think" (It is never gut feel. It is always some reason.) the trade is wrong, I may take reverse trade. I may carry forward an intraday position. What is meant here - You shouldn't follow me because I may miss updating. You should follow the system I share.
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Like -
Always follow a stop loss.
In the case of Intraday trades, it is mostly the "Day's High".
In the case of Positional trades, it is mostly the previous swings.
I do not use Stop Loss most of the time. But I manage my risk with options as I do most of the trades using derivatives.
I also do my trades live, Please refer to the link to my footer if you want to tail me.
ESCORTSVolatility contraction in symmetrical triangle pattern.
Volume also dried up in last trading sessions.
Is it getting ready for the next move?!
CMP: 1396
Support around 1370.
Let's try to catch that 1-2% move in intraday.
Triangle pattern on EscortsTriangle pattern on Escorts
Buy above 1425
Use strict stop loss
Do your own analysis to take entry
[Buddha] ESCORTS Inside Bar TradeLong if it breaks the high of the previous day with a stop loss at the previous day's low.
Short if it breaks the low of the previous day with a stop loss at the previous day's high.
In case of gap up above the previous day's high or gap down below the previous day's low, please avoid buying it or selling it respectively. Follow the ending of the candle formed in first 5 minutes and follow ORB strategy.
Symmetrical Triangle breakout in ESCORTS for Target of 1462+TOday expected breakout of symmetrical triangle pattern in ESCORTS. According to the pattern, we will get the final target of this breakout is 1462+.
Possible Trade:
Buy ESCORTS above 1405
Stop-loss 1395
Target 1435 1462+
