Escorts has been a good stock for investing and the chart patterns are indicating a short drop July - October followed by a bull run for a year from November-November. Given the good monsoon till now (though by latest news it has halted before it reached the northern states) the price is likely to rally. It is a good time to slowly accumulate the stock. A dip until 1000 can be expected which would be good for bulk entry and would confirm the pattern. The share is trading at a price less than its intrinsic value so its a good buy.
Look at the past two bull run and we can reach our target either of the two ways.
Target 1900+
Risk-o-meter Mild
Stoploss 2% from your entry or average price
Message me or comment to get faster updates.
Look at the past two bull run and we can reach our target either of the two ways.
Target 1900+
Risk-o-meter Mild
Stoploss 2% from your entry or average price
Message me or comment to get faster updates.