Escorts broke the Triangle and stuck in a small range of 100 points.
Short terms traders and scalpers can use this small range as support and resistance levels with strict SL. Positional players can buy near the strong support zone and wait for the Range breakout above 1120. Or enter above 1120 for 60 points minimum target. As Indian market is bullish, its better to Buy, as long as the price stays above the strong support zone.
Execute short below 1080 for a free fall of 100 points minimum.
Please share your valuable feedback.
Disclaimer: Kindly do your own analysis or consult your advisor before taking any trade. This view is for educational purposes only.
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Long trade is active
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Close your long positions at 1230 itself. Its not moving up