ESCORTS
Escort offering good long trade based on backtested dataEscorts is hovering at Line of Support. It has respected this line 5 times, whether it'll defend this 6th time?
SL 1% i.e. 1145 with 1195-1205 as upside, Risk:reward of 1:4.
Escort offering good long trade based on backtested dataEscorts is hovering at Line of Support. It has respected this line 5 times, whether it'll defend this 6th time?
SL 1% i.e. 1145 with 1195-1205 as upside, Risk:reward of 1:4.
ESCORTS: TRACTOR has startedPLEASE SEE CHART FOR DETAILS
TARGET 1 : 1250
TARGET 1 : 1300
STOP LOSS : 1150
**These are my personal observations. Please trade at your own risk.**
ESCORTS spring effectESCORTS is playing inside the box.
it is like a spring which is twisted twisted twisted too much and released once.
we will have large move on either side.
So look for brakeout and play accordingly.
Daily/ 60min/ 15 min 3 very small exciting candleDaily/ 60min/ 15 min 3 very small exciting candle
confirmation entry
pro:
1. origin of explosive move
con:
1. smaller 15 min 3 exciting candle
2.Nifty is down trend
3.6 basing candle
ESCORT -- INTRADAY TRADING SETUP FOR 18 AUG 2020 1 THIS IS FOR ONIY EDUCATION
2 ENTRY WHEN TRENDLINE BREAK WITH VOLUME
TARGET ; T1 1171.5 T2 1184
SL ; 1140
Escorts Profit Booking zoneWhat a rally. Almost 300% in a year. The question is Escorts still will go more up or the right time for correction. Well, Multiple confirmations on the current price. Elliots Impulse, XABCD, and ABCD all [rz on same levels which make a strong supply zone for Escorts. Investors can book profit in the current zone. Traders can take a small Position for short.
More confirmation on the weekly chart.
ESCORTS PRICE AND CHART ANALYSISOn weekly chart inverted head and shoulder pattern can be clearly seen.
Stock already broke the H&S neckline, now if it sustains above 900 levels and monthly closing comes above 900 then stock may start a fresh rally to the upside till 1150 /1300.
Major support for the stock stands at 750-800 levels.
if price give breakout with volume, price can give good move!if fail to breakout, then chances are price can go downside.
Escorts - Bearish to consolidatedAs per what we see, operators have taken the stock to 52 weeks high of 918.4 some consolidation needs to be seen now. Profit booking selling should start next week.
Short EscortsWolfe Wave + Demand + Some Harmonic Bearish Pattern(Not expert in this)
Short ESCORTS @ CMP with SL @ 940
Stock: EscortsStock: Escorts
Reason: Assuming H&S & It's Breakdown
Cmp: 601.65 {Close}
Short Below 601
Exp. Targets: 590-585-570-555-520
SL: 625.90
escortsshowing weakness as not going upside and stays in range for 4 sessions with bearish divergence and stable volume can give us good downside move. plan trade accordingly.
