Escorts Kubota Limited :LONG TERM TRADE

Escorts Kubota Limited, formerly Escorts Limited, is an India-based engineering company. The Company offers solutions for agriculture, infrastructure and railways. The stock is in retracement stage on daily and weekly time frame forming a PENNANT PATTERN. The Pattern has been broken out a shown in the chart. The Fundamentals of Company are strong with a Market Cap of Rs 27,177 Cr and YOY stock yield of 13.77 % .
Analysis on Weekly Chart :
The technical indicators at current level are as under :
CMP : 2107.05
MA20 : 2101.70
MA50 : 2083.82
MA200 : 2081.12
RSI : 57.47 crossing over
MACD (12,26) : 6.97
ADX (14) : 28.98 ( Directional Strength - In range )
ATR (14) : 17.07 ( less Volatile )

The Targets are as detailed in the chart , and is a strong buy.

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