Beskrivning
⋅ Escorts Ltd. NSE:ESCORTS is a growing company in the Auto sector and its stock price has witnessed a spectacular rise in the past year.
However, I can see that the price is facing a stiff resistance near 1000 zone. (995 – 1020 levels).
Besides, there is also a Double top formation with Negative RSI Divergence on the Daily chart.
Taking short position here with a Stop loss of around 1022 and target of around 911.
Kommentera
⋅ Still holding this short..going well as of now !
Kommentera
⋅ Booked profits in this today. Took it off the table before election result !