Eicher Motors () Next What?
A Great example of this is Eicher Motors which recently broke down below support at 12500 levels and has quickly reversed to start the week. As Long as Prices above 14800-14900 Levels , then this squeeze thesis is intact and any weakness can be bought with a target near 17000-17500 if it breaks then it will retrace it to 14000 odd levels again
This also fits into our broader thesis surrounding Auto stocks, which continue to show a ton of relative strength as a group.
Donachian Level Lower Level 12855 , , Basis 13987 which is stock is above trading at current levels if breaks can go long up Upper 15120 and breaks then 17000 Levels to which will be next resistance levels
If Breaks 15000 Levels then it can re test 14000 Levels soon
Disclaimer
-----------------------------
All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
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Pls consult your financial advisor before investing in any of the financial instruments.
A Great example of this is Eicher Motors which recently broke down below support at 12500 levels and has quickly reversed to start the week. As Long as Prices above 14800-14900 Levels , then this squeeze thesis is intact and any weakness can be bought with a target near 17000-17500 if it breaks then it will retrace it to 14000 odd levels again
This also fits into our broader thesis surrounding Auto stocks, which continue to show a ton of relative strength as a group.
Donachian Level Lower Level 12855 , , Basis 13987 which is stock is above trading at current levels if breaks can go long up Upper 15120 and breaks then 17000 Levels to which will be next resistance levels
If Breaks 15000 Levels then it can re test 14000 Levels soon
Disclaimer
-----------------------------
All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
----------------------------------------------------------------------------------------------------------------------------
Pls consult your financial advisor before investing in any of the financial instruments.
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