Viduthalai
Long

EICHERMOT - BUY - Doji with unusual volume

NSE:EICHERMOT   EICHER MOTORS
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Reasons for Buy:
1.Stock has taken reversal from its strong and important support level with high volumes. (Inverse C&H)
2.Made Doji after a consecutive price fall
3.Oversold position
Negative Factors:
1.Still in downtrend (it has to cross it's upward trend line ,so may expect short term reversal, it it break then it is a good buy. - ref chart)


Trade closed: target reached: Strong Bull candle
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