Esceram standing strong and still a good long term prospect

Esceram’s suddenly plunged to the low of 740 which is near to its EMA20 support line when the market was spooked by external factors for a short while. Weak holders were shaken out and price’s steadily inching towards 800 mark. Closed at 790 with strong buying interest.

Immediate support and resistance are 720 and 845.

Disclaimer: Trade at your own risk.

Comment:

850 is tough nut to crack...