Bullish Engulfing & EMA 200 Crossover
📈 Stock: Eicher Motors (NSE:EICHERMOT)
🔍 Closing Price: 4810.60
📊 Pattern: Bullish Engulfing
📉 Technical Signal: EMA 200 Crossover
Key Observations:
✅ Bullish Engulfing pattern signals strong buying momentum.
✅ EMA 200 Crossover indicates a potential trend shift.
✅ Increasing volumes add conviction to the setup.
Key Levels to Watch:
🔹 Support Zones: 4718 – 4625 – 4574
🔹 Resistance Zones: 4862 – 4913 – 5006
Trading Plan:
📌 Above 4862, price may see bullish momentum toward 4913 and 5006.
📌 Below 4718, cautious approach needed, as downside risk increases.
🔍 Closing Price: 4810.60
📊 Pattern: Bullish Engulfing
📉 Technical Signal: EMA 200 Crossover
Key Observations:
✅ Bullish Engulfing pattern signals strong buying momentum.
✅ EMA 200 Crossover indicates a potential trend shift.
✅ Increasing volumes add conviction to the setup.
Key Levels to Watch:
🔹 Support Zones: 4718 – 4625 – 4574
🔹 Resistance Zones: 4862 – 4913 – 5006
Trading Plan:
📌 Above 4862, price may see bullish momentum toward 4913 and 5006.
📌 Below 4718, cautious approach needed, as downside risk increases.
Trade closed: target reached
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.