Escorts Kubota is travelling into the long-term rising channel and nearing its resistance of INR 3260.
Post the level of INR 3260, it is expected to reach all the way to INR 3250 in the next 6-9 months time frame.
Escorts has corrected around 5% this week and has closed near its low of 2794. This means next week it can remain under selling pressure and test support of 2743/2675. Any pull back towards 2846/2927 will be good short opportunity. What are your views on this, let me know in comments. Thanks for reading and happy trading.
The views expressed here are for our record purposes only. Please consult your personal financial advisor before investing. We are in no way responsible for your profits/losses what so ever.
Reasons to Trade:
a) In Rangebound
b) Taking support at 20ema
c) expecting box breakout
