ESCORTS : Turning Corrections into Opportunities ESCORTS KUBOTA
Learning Points:
Extended Retracement Zones: Corrections beyond standard Fibonacci levels (113%–127%) often precede strong reversals.
Multiple Entry Levels: Tiered buying zones reduce volatility risk and improve average entry.
Wave Analysis: Wave C zones offer attractive entry points for medium- to long-term trades.
Trading Plan:
Entry Strategy:
First Entry: ₹3409–₹3520 (extended retracement zone).
Second Entry: ₹3290–₹3330 (Wave C demand zone).
Stop-Loss Placement:
₹3268.60, below the second demand zone.
Target Strategy:
First Target Zone: ₹3821–₹3875, aligning with swing highs.
Second Target Zone: ₹4190, a major supply zone.
Predictions:
Support is expected near the first buy zone, with potential recovery toward ₹4190.
Disclaimer:
I am not a SEBI-registered analyst. This analysis is for educational purposes only. Conduct your research or consult a financial advisor before trading.
General Risk Management Rules:
Always maintain a 1:2 or 1:3 risk-reward ratio .
Avoid over-leveraging during high volatility.
For options, use spreads or hedging strategies to limit losses.
This detailed plan aims to provide clarity and actionable steps for traders across different timeframes. Trade responsibly!
