Escorts Price Channels

ESCORTS Daily NSE Stock Chart Technical Analysis

Escorts fell today and closed at 224.75 after reaching an intraday low which was close to yesterday's opening price.

Market Outlook:  On 3rd the stock should close below today's close but not below today's intraday high, i.e. the price should close between 225 and 221.

Technical Indicators:

The price is finding support at the moving averages, both short and long term.

Price channels within price channels have formed which are acting as points of resistance and support, but the stock is in an overall uptrend.

Escorts Buy

Escorts stock prices on NSE follow an interesting swing pattern in an overall uptrend.

The swings are in the range of 20-40 rupees.  Also, the swings are getting steeper.

The current swing began at 208.6.  The target can be around 238-240.  The stop can be trailed by 10+, 20+, 30+ when the price goes 20+, 30+, 40+.