Descending triangle spotted - Escorts
Atualizado
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
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
Nota
Short term range below support broken. Keep an eagle eye. Wait for confirmation and shortTrade ativo
It is ready!Nota
Target 1: 490Bigger target: 420
Nota
First target of 490 achievedNota
Low of 486.60 registeredNota
Seems like it has taken supportNota
Good volume tooTrade fechado: objetivo atingido
Aviso legal
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