Lines say it all... Possible upmove from here... Supports in yellow. If upmove done, then targets in green.
Levels marked on chart. Current CMP levels are at a support zone... Upmove from here should hit targets in green.
Flag and penant formation on Hourly TF. Possible downward break.
Escorts has broken a trendline and gone on downwards to hit a support zone. Barring this support level, if it falls further it will see the next support zone highllighted in YELLOW. The dotted yellow line is also a support area in between the 2 yellow support lines BUT IT IS PRESENT ONLY IN DAILY TF and not on WEEKLY TF. So the 2 yellow lines are major support levels.
How much more will it fall ????? Current levels are good support zone (shaded area). In days gone past also stock has taken support here (or it has also acted as resistance) Hence should be seeing up move either from top of the shaded box or around the bottom levels. ::fingers crossed::
Has broken out of a strong resistance level on 16th july. And now above that level. A good buy will be on dips at around 420 or even CMP 430 can be bought small qty. Targets marked in Light blue. (444) Sl will be around 423 just below the support level of 423.4 Lets see
If crosses 220 then upside possible with targets marked in green for upside. RED line indicates strong support. If falls to that or below then lower green lined targets are possible.