History repeats itself or does it?

Escorts has been a good stock for investing and the chart patterns are indicating a short drop July - October followed by a bull run for a year from November-November. Given the good monsoon till now (though by latest news it has halted before it reached the northern states) the price is likely to rally. It is a good time to slowly accumulate the stock. A dip until 1000 can be expected which would be good for bulk entry and would confirm the pattern. The share is trading at a price less than its intrinsic value so its a good buy.

Look at the past two bull run and we can reach our target either of the two ways.

Target 1900+
Risk-o-meter Mild
Stoploss 2% from your entry or average price

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