EICHERMOTORS Intraday Trade Based on NR7 and Volume

Price broke previous day resistance with wide range candle and Volume . Wide range Buy candles were coming in with Volume . A/D reduced to 35:15 from 41:9 when I took this trade, but was still Bullish . If 21050 held, 21300+ could be hit. But, 21050 didn't hold and broke down with volume . The Price ranged for the rest of the day. Overall 2.5R profits booked. The stock was selected based on NR7 and Volume strategy.


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