Escorts Kubota Limited has Given a clear breakout of both the Symmetric Triangle Breakout and the 52-week as well.
The Stock is also trading at an all-time high
The Stock Faced some resistance at 2200-2210 Levels today.
Escorts is giving a V bottom breakout and close at its high in all the time frames.
There are high Chances of it to achieve Target levels of 2244-2318-2558.
Sl could be placed below 1767 on closing basis in weekly time frame.
Double Bottom Type Pattern Forming In Escorts Ltd. on 1hr Timeframe.
Long Entry on Breakout Of 1655 Level By Good Volume Candle .
Targets 1740, 1870, 1930
Stoploss Below 1600
The stock has broken out and retested, therefore may undergo a reversal rally. Trade is supported by Supports Nearby.
Risk Reward Ratio - 2:1
SL is placed below the support zone & the lower trendline. The target is placed near resistance.
Escorts had broken the the symmetrical triangle pattern it is short term buy expected level are given also as per harmonic pattern expected sell around marked XD level.
Lets see..
Am looking for this downside. As double top formation formed on top secondly overall market structure is bearish. But only on closed below 1785 on daily.
