ESCORTS : Looking weak on charts, Best short for traders

ESCORTS

Last close 868.90

Anyone who swims regularly in the ocean will have been taught at a very early age never to fight against the current as it just wears you out and could risk your life. It is far more sensible to relax and go with the flow until you are spilled out on to the shore. A similar analogy can be drawn in markets in general and the stock market in particular.
An intermediate term reversal will be signaled only on a rise past Rs.888. This stock is in down trend mode. Wait for a close above Rs.888 before contemplating trading longs. On the lower side expect it to slide upto Rs.851, If breaks then expect free fall upto Rs.835 mark..!!!