Escorts: Long Retested 9 and 21 EMA, followed by bullish candle

Hello Traders,

Escorts seems to be forming a good bullish up move.

It can be traded as follows:-

CMP: 1382.
Entry price: 1375-1395, wherever we can find the entry.
Target price: 1495
SL: 1308

Please note that the SL is a daily SL.

Escorts has displayed a decent sized green candle supported by volume candles. Before that it also retested 9 and 21 EMAs. It has closed today above its weekly and daily resistances. Thus expecting a good upward move.

Happy Trading!