ES­CORTS

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Can I en­ter Es­corts at the mo­ment?

BUY ES­CORTS ABOVE RS 677

Es­corts is cur­rently trad­ing at Rs.665. Its 52-week high/low stand at Rs 767.70/Rs 270 made on June 6, 2017 and Novem­ber 22, 2016, re­spec­tively. Af­ter hit­ting its 52-week high, which is also its all-time high level, the stock has wit­nessed a cor­rec­tion mak­ing lower tops. How­ever, the stock has formed a down­ward slop­ing trend line which has a break­out near Rs 675-677 lev­els. Rise in vol­umes and the 14-pe­riod RSI surg­ing to 60 from cur­rent 55 can give some mo­men­tum to the stock. On a weekly ba­sis, the stock is seen trad­ing in con­sol­i­da­tion. Hence, we sug­gest you to wait and en­ter the stock only af­ter it crosses Rs 677 level.

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