When stocks break key supports that is the time one can ride the wave and here Escorts is the stock which has broken a key support level and we see the stock falling to the levels of 590,575,556 levels.
The stock if it maintains above the level of 611 we can see a ray of hope that bulls might try to gain control as stock has lost close to 223 rupees just in a matter of 40 days which means that bears have an upper hand in this stock and as of now one should avoid looking for a value buy in the stock as falling stocks are like falling knives and one must keep away from it. Remember that one can make good money in intraday both by buying or selling in the correct direction and this is where our expertise in intraday tips for tomorrow comes into play.
Have a look at Escorts stock chart here.
The stock if it maintains above the level of 611 we can see a ray of hope that bulls might try to gain control as stock has lost close to 223 rupees just in a matter of 40 days which means that bears have an upper hand in this stock and as of now one should avoid looking for a value buy in the stock as falling stocks are like falling knives and one must keep away from it. Remember that one can make good money in intraday both by buying or selling in the correct direction and this is where our expertise in intraday tips for tomorrow comes into play.
Have a look at Escorts stock chart here.
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