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.
Escorts has been moving in a rising channel for last one year. Recently it touched the support line of the channel around 830 & bounced off. The stock now looks to be heading towards channel resistance. Close above recent significant high of 921 can give additional booster to the view. So we recommend going long in the stock for the target of 1090 with a stop ...
previously when escorts made a double bottom pattern formation with the support of 200 daily ema it gave a huge rally and this time it has similarly formed double bottom pattern formation with the support of 200 daily ema so can we expect same rally this time