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After continuous price fall, a Doji pattern appeared in Escorts which is the indication of trend reversal. Detailed Trade Plan is given and if the prices are still falling reverse the trade plan. Trade with TREND and CAUTION.
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Stock Ticker – NSE: ESCORTS – Escorts Ltd. – AUTOMOBILE
Bullish Trade plan:
Entry Level 568.75 Target 588.75 Stoploss 549.05
Analyst Rating – :5/5
View Posted on 2019-05-18
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Hi Lakshminarayana sir, Doji with high volume is more preferred than the one with average volume.
This doji indicates the temporary pause of bearish trend as it lack volume. hence it is more likely to be on side ways. Too early to confirm the trend reversal.