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Elliot wave view: New High in Escorts Supports Further upside


Escorts - Long - Target Price 1450, 1550, 1700


Holding Period: 1 to 90 days


The medium-term Elliot wave structure of the stock still looks positive and likely to continue higher in the near term.

Medium term Elliot wave view on the stock suggests the rally to 1450,1550, to 1700 odd levels projecting as wave 5 of 3.


Wavesadvisory has a target price of 1450 to 1550 Rs on the stock and recommends keeping a strict stop loss at 1260 (Analyst: Dinesh Naidu, Equity Technical Research at Wavesadvisory)

Disclaimer: Any of our investment or trades we share on our blog are provided for educational purposes only and do not constitute specific financial, trading or investment advice. The blog is intended to provide educational information only and does not attempt to give you advice that relates to your specific circumstances.

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Any of our investment or trades we share on our blog are provided for educational purposes only and do not constitute specific financial, trading or investment advice. The blog is intended to provide educational information only and does not attempt to give you advice that relates to your specific circumstances.

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