Escorts trade analysis for this week 30/05/22.

Escorts on weekly time frame is forming a bearish flag and pole pattern.

Its trading in a parallel channel and has closed near its 200 DMA.

The stock can be a nice trade in this series.

Support :- 1572, 1543
Resistance :- 1651, 1700

Wait for the price action to form near the resistance and trade the parallel channel breakout.