As per what we see, operators have taken the stock to 52 weeks high of 918.4 some consolidation needs to be seen now. Profit booking selling should start next week.
ESCORTS has entered its best supply area yesterday ,making high of 918.95 and gave closing at 909.65 , though the stock has been bullish , let see how this supply zone works , the stock if gives reversal can see 880 -860 levels
entry and exit point are given in chart
Wolfe Wave + Demand + Some Harmonic Bearish Pattern(Not expert in this) Short ESCORTS @ CMP with SL @ 940
Bearish bat identified in daily time frame.price entered in PRZ zone if it test entire zone looking for reversal in shorter time frame..
RSI divergence observed in Escorts. One can short cmp 824 target of 750 minus. Maintain stop loss 845. ATB
ESCORTS HAS A HTF FLAG BREAKOUT LTF: PENNANT BREAKOUT
If Escorts closes above 702 level, it can rally 6-8%.
Stock: Escorts Reason: Assuming H&S & It's Breakdown Cmp: 601.65 {Close} Short Below 601 Exp. Targets: 590-585-570-555-520 SL: 625.90