Escorts Ltd, graph for long term trend
If you see the graph, the script had a good consolidation in range of 1100 1250 zone. it has given a breakout. The long term uptrend is intact and stock has caught up momentum recently.
Script is currently trading at P/E of 18 which compared to current bull market is low.
Based on chart, first target is 2000 with stop loss of 1100.
Kindly decide your entry levels based on risk to reward.
Kindly follow to know more :)
Cheers & Happy Trading :)
Regards,
Kunal
Script is currently trading at P/E of 18 which compared to current bull market is low.
Based on chart, first target is 2000 with stop loss of 1100.
Kindly decide your entry levels based on risk to reward.
Kindly follow to know more :)
Cheers & Happy Trading :)
Regards,
Kunal
Trade closed: target reached
Hi All,We have reached the target in this. Hence closing the trade. Follow me for new ideas. My latest idea shared PNB housing finance is rocking :)
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.