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Shreesha2150

Probable Reversal of Intermediate Trend of ESCORTS(NSE)

Long
ESCORTS KUBOTA LTD (NSE:ESCORTS)  
Shreesha2150  
NSE:ESCORTS   ESCORTS KUBOTA LTD
Trend Analysis Support and Resistance Technical Indicators headandshouldersbottom breakout
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trendanalysis supportandresistance indicator headandshouldersbottom breakout
ESCORTS
The specifics are mentioned in the chart itself.
  • Price of Escorts has been in a Sideways Pattern(Broadening Formation) since May.
  • Since June, it has entered into a Head and Shoulders Bottom.
  • On Aug 10, the H&S Bottom pattern was broken and was tested multiple times for the next 2 days(clearly visible in 1H timeframe chart).
  • This validates the theory that there is high probability for the price to exit consolidation and begin an Uptrend.
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