Eichermotors Short term Bottom Soon
Fundamentals aren't great for Companies like Eicher motor during this lockdown period.
Technical Analysis suggests short term bounce for Eicher motor.
Price Grinding low with less volume is a buy once we see a reversal candle on daily time frame.
Plus, Bullish Divergence on 4h and daily chart shows a bounce is due soon. My target is 15200 purely based on Technicals and S/R Zone.
Remember News can ruin this plan so trade accordingly
Technical Analysis suggests short term bounce for Eicher motor.
Price Grinding low with less volume is a buy once we see a reversal candle on daily time frame.
Plus, Bullish Divergence on 4h and daily chart shows a bounce is due soon. My target is 15200 purely based on Technicals and S/R Zone.
Remember News can ruin this plan so trade accordingly
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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.