Escorts has been forming series of Higher Highs and Highs lows indicates strong uptrend.
The higher low has since last 4-5 years has bottomed out the 20 Monthly EMA.
The stock has consistently found support at the moving average and bottomed out near the same.
Currently stock is placed near the same juncture, going ahead if support holds well like in the past, stock could end its corrective phase and resume its prior uptrend.
The higher low has since last 4-5 years has bottomed out the 20 Monthly EMA.
The stock has consistently found support at the moving average and bottomed out near the same.
Currently stock is placed near the same juncture, going ahead if support holds well like in the past, stock could end its corrective phase and resume its prior uptrend.
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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.