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ESCORTS KUBOTA LTDESCORTS KUBOTA LTDESCORTS KUBOTA LTD

ESCORTS KUBOTA LTD

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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!
NSE:ESCORTS
by je_sh
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