Escorts in rising channel and looking bullish after 3260

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.

Trade active:

Errata: Please read INR 3260 as INR 2360.
Inconvenience caused is regretted.

Trade active

Trade active

Trade active:

Although Target is reached but it has still some potential left to reach even higher.

Trade active

Trade closed: target reached:

Although Target is reached, it still has some potential to reach even higher.
Expect some movement till 3550.

Trade closed manually:

The stock momentum is drying out as of now, hence closing it manually.
Our target was however reached.
All the best for next trades !!

Comment:

Escorts is now entering into bearish mode. The target may be 2400 / 2100 in 4-5 months. Please trade cautiously.