ESCORTS - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 05 Nov 25, 7:43 am

Technical Rating: 4.4

📈 ESCORTS is trending upward with strong momentum indicators and volume support. Ideal entry lies near 3,620–3,660 ₹, with exit targets around 4,100–4,180 ₹.

📈 Technical Analysis

• 📊 Chart Pattern: The stock is forming higher highs and higher lows, indicating a clear uptrend.
• 📈 Moving Averages: Price is above both 50-DMA (3,622 ₹) and 200-DMA (3,479 ₹), confirming bullish momentum.
• 📈 RSI (60.9): Bullish zone, nearing overbought territory but still supportive of upward movement.
• 📈 MACD (33.2): Strong positive crossover, confirming trend strength and momentum.
• 📈 Bollinger Bands: Price near upper band, indicating bullish breakout potential with rising volatility.
• 📈 Volume Trend: Current volume (1,55,792) is significantly above 1-week average (86,206), showing strong buying interest.

📍 Entry & Exit Zones

• ✅ Entry Zone: 3,620 ₹ – 3,660 ₹ (near 50-DMA and prior breakout level)
• 🚪 Exit Zone: 4,100 ₹ – 4,180 ₹ (recent high and psychological resistance)

📊 Trend Status

• 📈 Current Trend: Trending upward
• 💪 Bias: Bullish with strong momentum and volume confirmation

✅ Positive

• Strong EPS (210 ₹) and consistent quarterly profit growth (18.4%).
• Low debt-to-equity ratio (0.01) reflects financial prudence.
• Price action supported by volume and technical indicators.

⚠️ Limitation

• Stock P/E (35.9) is slightly below industry PE (42.4), but still elevated.
• RSI nearing overbought zone — potential for short-term pullback.

📉 Company Negative News

• No major negative news reported; minor FII holding increase (0.05%) suggests cautious optimism.

📈 Company Positive News

• Strong quarterly PAT growth (315 Cr. vs 284 Cr.) and rising DII interest (0.37%).

🏭 Industry

• Auto and agri-machinery sector showing cyclical strength; Escorts benefits from rural demand and infra push.
• Industry PE (42.4) reflects high investor expectations across the sector.

🧾 Conclusion

• ESCORTS is in a strong uptrend with bullish technical indicators and volume support.
• Short-term traders may consider entries near 3,620 ₹ and exits near 4,180 ₹.
• Long-term investors can hold with trailing stop-loss below 3,480 ₹ to protect gains.

Sources: Chartink Scanner

Chartink

, TradingView MACD+RSI+BB Indicator

TradingView

, ICFM India Technical Blog

ICFM India

.