Descending triangle spotted - Escorts

19 июл. 2019 г.

Escorts is trading below strong support of 545. It's 200 EMA is also around 545. Formed a small range just below support, which has now become resistance for it. Buyers are active in this region as the delivery percentage is quite high. Deliverable quantity is above average.
Descending triangle is usually a continuous pattern. If it breaks triangle's baseline (514-513) then be ready for good fall (100 points fall is expected in that case). However, if it shows up move, buy above 550 for targets of 580 and 640

19 июл. 2019 г.

Заметка

Short term range below support broken. Keep an eagle eye. Wait for confirmation and short

19 июл. 2019 г.

Сделка активна

It is ready!

19 июл. 2019 г.

Заметка

Target 1: 490
Bigger target: 420

22 июл. 2019 г.

Заметка

First target of 490 achieved

22 июл. 2019 г.

Заметка

Low of 486.60 registered

23 июл. 2019 г.

Заметка

Seems like it has taken support

23 июл. 2019 г.

Заметка

Good volume too

23 июл. 2019 г.

Сделка закрыта: достигнута тейк-профит цена