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Escorts trade analysis for this week 30/05/22.

ESCORTS KUBOTA LTD (NSE:ESCORTS)  
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NSE:ESCORTS   ESCORTS KUBOTA LTD
Support and Resistance Moving Averages Candlestick Analysis ESCORTS escortslong escortsanalysis escortstrend escortsinvestment escortsbuy escortanalysis NIFTY BANKNIFTY
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supportandresistance movingaverage candlestick escorts escortslong escortsanalysis escortstrend escortsinvestment escortsbuy escortanalysis nifty banknifty
Escorts on weekly time frame is forming a bearish flag and pole pattern.

Its trading in a parallel channel and has closed near its 200 DMA.

The stock can be a nice trade in this series.

Support :- 1572, 1543
Resistance :- 1651, 1700

Wait for the price action to form near the resistance and trade the parallel channel breakout.

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