ESCORTS KUBOTA LTD

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Probable Reversal of Intermediate Trend of ESCORTS(NSE)

Shreesha2150の投稿

The specifics are mentioned in the chart itself.

Price of Escorts has been in a Sideways Pattern(Broadening Formation) since May.
Since June, it has entered into a Head and Shoulders Bottom.
On Aug 10, the H&S Bottom pattern was broken and was tested multiple times for the next 2 days(clearly visible in 1H timeframe chart).
This validates the theory that there is high probability for the price to exit consolidation and begin an Uptrend.

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