ESCORTS – Positional Swing Trade Setup (Daily Chart)

# 📊 \ESCORTS – Positional Swing Trade Setup (Daily Chart)\

🧩 \Elliott Wave Completion + ABC Corrective Breakout\

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## 🌀 \Wave Structure Insight:\

• Completed \5-wave impulsive decline\
• Followed by an \ABC corrective pattern\
• Wave (B) appears to have bottomed in the \₹3120–3190\ Demand Zone
➡️ Reversal signs seen with strong price rejection and higher-low formation

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## 🟦 \Support Zone – ₹3120 to ₹3190\

🔹 Strong confluence support
🔹 Marked Demand Zone + ABC Wave (B) low
🔹 Bullish structure forming above this zone

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## 🟩 \Swing Target Zone: ₹3867 – ₹3953+\

🎯 Target 1: ₹3867
🎯 Target 2: ₹3953+ (full ABC projection)
⚡️ \~20% potential upside from breakout zone

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## 📝 \Trade Setup & Plan:\

📈 \Entry:\ Around ₹3319–₹3330 (Post-breakout confirmation)

🎯 \Targets:\
• T1: ₹3867
• T2: ₹3953+

❌ \Stop Loss:\ Close below ₹3208 (below Wave B low)

📏 \Risk-Reward Ratio:\ \~7.29 (ideal for positional traders)

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## 🧠 \Trade Logic:\

• Wave (B) has likely completed with a volume-backed reversal
• A sustained move above ₹3330 confirms bullish bias
• Pullback to ₹3240–₹3280 zone may offer a second entry
• Suitable for swing/positional setups with trend-following bias

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📌 \Conclusion:\
ESCORTS is setting up for a probable medium-term rally with a strong base in place. A move above ₹3330 with volume confirms the breakout. As long as ₹3208 holds, the trade offers high reward potential toward ₹3953.