Higher highs and higher low patterns in Escorts
Updated
I 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
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
Note
higher highs and higher lows also forming in one hour.
Rahul Pal (TradingView Moderator)
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Join Free TG t.me/TraderRahulPal1
Join Powerful Like-Minded Trading
Community Group to stay ahead
from others spf.bio/TUZZz
All My Profiles:-superprofile.bio/realbullstrading
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