TradingView
broken_signals
May 9, 2021 8:25 PM

Escorts - Trend Reversal Long

NSE:ESCORTS1D
ESCORTS KUBOTA LTDNSE

Description

⋅
It was in down trend for some time. 1100 was a very strong support zone and it took support around 1130 levels. On Friday, it closed above down trend line with higher volumes. Looks a good reversal play at 1165.

Target1 - 1215
Target 2 - 1280
Target 3 - 1370
Stoploss - 1100

Trade active

⋅
1190 has been acting as a resistance for sometime. New positions or add-on could be done if there is closing above this level.

Stoploss remains at 1100.

Trade active

⋅
Stoploss updated to 1185
Trend AnalysisescortslongESCORTStrendreversal
More