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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)

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