gulz
Long

BULLISH BAT on EICHER MOTORS @ 24390, 15 mins chart

NSE:EICHERMOT   EICHER MOTORS
100 8 1
Hi,

On the EICHER MOTORS 15 mins chart we have a potential long opportunity at the D leg completion of bullish Bat setup.

The price reversal zone on this pair is between 24390 & 24287

The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's.

Potential targets for the Bat setup placed at the .382% and .618% retracement of the C to D move.
Stop loss would be placed below X leg structure resistance .

Target 1 - 24708
Target 2 - 24889

Trade with Care
Gulz
Trade active: Price approaching PRZ, watch price action for timely entry.
Order cancelled: Price action not good, broken down X leg.
You get so much time that people check 15 mins chart. Awesome
Reply
gulz PRO AbhishekHSinghCMT
@AbhishekHSinghCMT, since its good for intraday and BTST ( cover order on zerodha trading platform gives more margin 😊)
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Can expect recovery? I'm long in EicherMotors. Holding 25K call.
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@rajil, we need to wait and see the price action @ reversal zone - i expect bounce back as current fall is not with impulses.
this chart is only for very short term (intraday/BTST) - so cannot use for short-med term ( need to check hourly/daily charts).
Reply
rajil gulz
@gulz, Thanks for your reply. Actually i'm holding 2 calls of Eicher of 25K. I am looking for up move. Eicher generally falls during expiry, i'm noticing this since last 2 months and that lead to loss also. But this time i'm hopping for 25K+ move atleast. If you can please check what chart says. I'm just a beginner.
Reply
@rajil, i will check the higher time frame charts later ( dont have access to charts now)
Reply
rajil gulz
@gulz, Not an issue sir. Later. Thanks in advance.
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