ESCORTS trade ideas
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 BUY CALL FOR SWING TRADERI am NOT a SEBI registered advisor or a financial adviser. Any of my investment or trades I share on my blog are provided for educational purposes only and do not constitute specific financial, trading or investment advice. ... You should discuss your specific requirements and situation with a qualified financial adviser.
Escorts Technical PlayThe stock is making a series of higher highs and higher lows indicating strength in the near term trend. on a 4H chart, the stock has recaptured the 50% Fibonacci retracement levels indicating a reversal. The stock is well placed above its 20-day, 50-day and 100-day SMA which supports a sustained up-trend. Volume has been muted for most part of the session and any increase in volume can further add to the bullish thesis.
triangle may formstock is on support of down trendline of triangle, showing fully rejection of sellers(by the time i am publishing idea but depend on EOD) , and making like spring , opened yesterday's opening and staying above , volumes are coming in, seems like price may bounce from here. with sl -8%