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.
Long Term Trend : Up
Short Term Trend : DN
Medium Term Trend : DN
Indicator : Showing positive Cross over
Support : Taking dynamic support of 200 MA
Resistance : 20 MA and 50 Ma as well as two trendline
conclusion : If Break above 2988 or both of any trendlines than Up move will be very good.
The Market is heavy side but it will take a breath and follow the fall
As per price action formation has been made in 1 week TF.
Its a very big move.
Always check the sentiments of the market as per technical analysis, if the pattern get its respect
Best of luck to all traders.
You are responsible for your Profits and loss, Shared for Educational purpose
DOA: 06-01-2024
ESCORTS Long Positional
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Buy & Accumulate ESCORTS till 2400
for the Target of 3145-3271-3544
SL 2200
Strategy : Entered into OS area and RSI < 30
Duration few months
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.
Taken out significant highs. Looking bullish in higher timeframes. Can look for 15% potential upside. Position yourselves based on your risk management.
The stock is currently spotted at an important upwards curving area of demand that has been active for the past 4months.
The demand zone has been enough times tested in the past 4months and proved its strength over all test occasions.
The stock has traded between the demand zone and the control price for the past 2 months and the entire 2 months range can be...
Hello everyone We are presenting 4 charts of 515 75 and 125 minute of escorts. We have module levels for up move to watch This is 3 260 And for down move, 3180. for up move We have said stop loss at 3135 And for downward move, we have set stop loss at 3260. We are looking at a target of price 3316 And for downwards we are looking at levels of 3155 and 3138
these...
ESCORTS KUBOTA LTD
Key highlights: 💡⚡
✅On 1Day Time Frame Stock Showing Breakdown of Rising Wedge Pattern .
✅ Strong bearish Candlestick Form on this timeframe.
✅It can give movement up to the Breakdown target of 2555-.
✅Can Go short in this stock by placing a stop loss above 3468+.
Hello Traders,
This is the trade plan for next week of Bharat Forge. Outline is showed on chart . For detail understanding of price action check below.
Please look into the chart for a detailed understanding.
Consider these for short-term & swing trades with 4% profit (In my observation, I found that most of the stocks reached 3% to 4% on weekly basis)
Please consider these ideas for educational purposes.
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The Co. is engaged in the manufacturing of agricultural tractors, engines for agricultural tractors, construction, earthmoving and material handling equipment, round and flat tubes, heating elements, double-acting hydraulic shock absorbers for railways coaches, centre buffer couplers, automobile shock absorbers, telescopic front fork &...
