powerfulpicks opinion update: ESCORTS - Please read CHARTER document and you will know how to see my last opinion on a script.
I had given some views on Escorts on Aug 13 (see below). Price had shot up to 220 on Sep 7th and at present some correction may happen up to around 190-195.
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From the charts it seems that it is in a downtrend with negative MACD and head and shoulders pattern. But that head and shoulders pattern may be a shallow one and the price can correct only up to around 175. Correction is natural after a steep bull run in the counter.
You can buy more around 175 to average the price, since your entry price was a bit high. Fundamentally, a good stock to own with a 1 year perspective for a target of 255.
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