🔥 Premium AI-powered Stock Picks from InvestingPro Now up to 50% OffCLAIM SALE

Escorts: Next Move After A 55% Gain Since I Recommended It Plus LIC & FinNifty

Published 18-06-2024, 03:56 pm
NSEI
-
NIFTYFIN
-
ESCO
-
LIFI
-

Greetings, fellow investors!

Welcome back to another market analysis of mine. This is following another fantastic week of pre-market videos on my YouTube channel (@sandeepsinghahluwalia). The daily analytical breakdowns have proved fruitful for both option buyers and sellers. This is as this week, each day’s analysis was spot on and a moneymaker for both parties.

Now in today’s article, we will dissect two stocks and one index. The stocks are Escorts (NS:ESCO) Kubota and LIC (NS:LIFI) Insurance, while the index is Nifty Financial Services. LIC Insurance needed a more in-depth analysis, hence is better suited for a video format. Therefore, a link to that YouTube video can be found below. The Nifty Financial Services analysis is part of the usual pre-market series as it is covered every Tuesday due to its expiry. Hence, that too is in the video below.

Now, let’s buckle up and revisit Escorts Kubota. I made my first YouTube video and article on it roughly 5 weeks ago, and in it, I brimmed with bullish confidence. This is as I loved the stock's technical pattern and shared that I too had made an entry into the stock at ₹2776, as I expected a huge rise. My optimism proved to be well-founded, as the stock had a parabolic rise until the resistance I had given of ₹3900. That is when I fired up another video and an article here on investing India where I highlighted the potential for a rise to ₹4220. This prediction also proved accurate as on Friday we reached ₹4292. So, for those who joined me from the beginning video, I hope you are basking in the profits made thus far. This is as from when I recommended it I have made a remarkable profit of 55% in just over two months. Hence, you should be having similar profits.

Why revisit Escorts now? Because we have reached the medium-term resistance level I mentioned. Hence, if we break above certain levels, then this could trigger another run-up. As for my position, I have implemented a trailing profit stop of 3% to safeguard my gains. So I believe all those holding the stock with me ought to do the same. Looking ahead, if Escorts surpasses Friday’s high, then I anticipate a move towards the resistance zone between ₹4360 and ₹4420. At this point I will probably book roughly 30% of my holdings in it so as to secure some profits. The remaining 70% portion will stay put with the existing 3% trailing stop-loss. This strategy protects 97% of the profits gained so far. Now, once we hit that resistance zone, after booking 30%, the next targets for me are ₹4600 and ₹4750. This is the stock’s next major hurdle/resistance.

The bottom line? Overall, Escorts has delivered exceptional returns since the free YouTube recommendation. For those who invested alongside me, remember to keep the trailing profit stop. This is as the current parabolic run won’t last forever, and I believe it is nearing its end. Hence, a trailing profit stop will shield your hard-earned profits. Lastly, do not forget to check out the video attached below. As it will give you an insight into handling the Nifty Financial Services expiry, along with a detailed look at LIC Insurance. If you cannot see the video link due to an investing app issue with linked videos, then just visit my channel by searching for Sandeep Singh Ahluwalia.

Until next time, happy trading!

NB: Shared a link to the first two videos on Escorts. It let's you as a trader/investor you see the logic I used when selecting Escorts as a long:
Link to the video where I initially recommended on Escorts - https://youtu.be/rKXxJ93YrrU
Link to Second video where I provided an update on Escorts - https://youtu.be/ub_pg4wW-jw

Disclaimer: The investments discussed by Sandeep Singh Ahluwalia may not be suitable for all investors. Thus, you must trust your analysis and judgement before making investment decisions. The information provided is for informational purposes only and should not be interpreted as a proposition to buy or sell any securities.

Latest comments

Loading next article…
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.