Monday, July 9, 2018

Escorts: Will this stock form an important low?

Escorts had been a laggard for many months but this stock has again arrived near important juncture. So, what is the technical picture suggesting? The below research gives the bigger term trend for the stock.
The below research is picked up from “The Financial waves short term update”
Escorts Daily Chart:

Elliott Wave analysis: Following is picked up from morning Equity research report

In the previous session Nifty Auto closed on a positive note and the same was reflected on Escorts as it closed 1.44% positive.
As shown on the daily chart, the prices are quoting at the channel support & in the previous instances the prices have bounced back from the support hence we are expecting the same to occur in the upcoming sessions. We can see that the Ending Diagonal pattern is under formation and currently wave a of (v) is ongoing.
As shown on hourly chart, (shown in daily research report)
In short, Escorts is at crucial juncture. A break on the upside beyond ….. levels is expected to take the prices higher towards …… levels …….
On the above chart can you see brilliant application of channels, Elliott wave counts, Time cycles and much more. Get the detailed analysis on stocks along with Nifty, Bank Nifty in the daily equity research report – The Financial wave short term update. Subscribe here
How to apply the above techniques?
Learn step by step process to become an expert trader by applying the above methods and have the thrilling experience of capturing the major reversals. Attend the training on 21st – 22nd July 2018 on Elliott wave, Neo wave and Time cycles. No prior knowledge of technical analysis is necessary as we will be sharing across video links before the training itself. Limited seats left! Register here

No comments:

Post a Comment