neil_gala

ESCORTS - Mean Reversion

Short
neil_gala Updated   
NSE:ESCORTS   ESCORTS KUBOTA LTD
-Resistance from 900 & reversal zone at 1000
-away from VA
-candle with a long bearish wick formed on 20th Feb 2020

-weak market breadth
-no reason for escorts to outperform

Move will be negated if
-900 sustained with heavy volume
-VA moves up

Target
-VAH
Comment:
5% down on Day 1, SL trailed
Comment:
SL trailed to PDC
Trade closed manually:
Trailed SL HIT at 820
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.