ESCORTS
ESCORTS - Weekly - Swing TradeThe above analysis is done purely on basis of Price Action & Chart Patterns.
The analysis is done on weekly TF hence price may take few weeks to few months in order to reach the targets.
Trade setup is explained in image itself.
The above analysis is purely for educational purpose. Traders must do their own study before entering into any trade. Traders must trade as per their own risk taking capacity and money management.
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Buy Escorts for trading/investing now Escorts has bounced back from its critical support of 1080-1100. Its coming out of oversold zones with ROC getting positive. Buy it and as soon as it starts trading above 20 day moving average, have a trailing stop loss of the 20 SMA. Fundamentally a very strong stock and so it's good for both traders and investors.
#Escorts Swing Trade || My Target 3% in Dec 2020The views expressed here are for our record purposes only. Please consult your personal financial advisor before investing. We are in no way responsible for your profits/losses what so ever.
Reasons to Trade:
a) In Rangebound
b) Taking support at 20ema
c) expecting box breakout
ESCORTS LOOK OUT FOR THESE LEVELS!!! ALL THE LEVELS AND PATTERNS ARE MARKED ON CHART, RED ZONES DENOTES SUPPLY ZONES AND GREEN IS FOR DEMAND ZONE .
SELL AT 1430
The indicator used:
1) Daily Lines plots Daily 20 (BLACK) & 50 EMA (GREY) on lower time frame charts
2) TE-REKAB
- PB : PULLBACK
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The analysis is my POV, hope you got bucks in your pocket to consult a financial advisor before investing :P :)
HAPPY TRADING!