Escorts has broken a trendline and gone on downwards to hit a support zone.
Barring this support level, if it falls further it will see the next support zone highllighted in YELLOW.
The dotted yellow line is also a support area in between the 2 yellow support lines BUT IT IS PRESENT ONLY IN DAILY TF and not on WEEKLY TF.
So the 2 yellow lines are major support levels.
Barring this support level, if it falls further it will see the next support zone highllighted in YELLOW.
The dotted yellow line is also a support area in between the 2 yellow support lines BUT IT IS PRESENT ONLY IN DAILY TF and not on WEEKLY TF.
So the 2 yellow lines are major support levels.
It remains to be seen now if the trend line will now act as resistance...