short coveringEscorts break out of triangle patern on daily/hourly charts with decrease in OI suggesting short covering.
Risk:Reward = 1:3.5
Could be bought wih mentioned stoploss & target.
ESCORTS1! trade ideas
Escorts1!27-11
Daily chart of Escorts1!
Looks like a clear breakout
Manual trend and 200 EMA are bullish
RSI is getting into the overbought range but looks strong
We have multiple supports at 223.80, 2090.50 and so on.
The chart looks strong and one should wait for a dip and buy for positional trading.
Bull Power Bear Power Buy Signal BullPower Bear Power Buy signal has been generated for Escorts on Daily Charts. When signals are generated for Daily or weekly charts, usually these are more stable signals for medium to long term.
Disclaimer :
Trading is never ever recommended as it is injurious to mankind. This is purely my study based on technical charts and for educational purpose only. Please do your analysis before taking any trades given by me. I MUST not be held responsible for any profit or loss out of any trades you take on our advice. All Disclaimers Apply.
Keep an eye on Escorts for shorting opportunitiesShort near 1258-1254 zone Sl 1268.25 TGT 1233.5
Disclaimer : This is for educational purpose.Before investing & trading take decisions from ur financial advisor.
