TradeTheTip

Eicher Motors | Head & Shoulder patterns | 2 Hrs

Short
NSE:EICHERMOT   EICHER MOTORS
NSE:EICHERMOT
Swing Trading opportunity ! 2 Hrs Chart Alert !!!

--sell below =2502
--Target = 2401 | 2349. 40
--Stop-loss = 2583
--Lot Size = 350
--R:R = 1.88
--Expected Profit = 50.000+ ₹ per lot ( 6% )

Technical Reasons to trade :- 🧢

1) head & Shoulder pattern formation in eicher motors
2) Neckline break with volume & retracement is also done
3) candle wicks on the upper side is very large ...more selling pressure
4) All the possible support & resistance is mentioned on the chart


Guys check out the related ideas as well, it will work really well GUARANTEED !

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Comment: now @ 2430 safe can book some profit here
Trade closed: target reached: 1st target done
sold @ 2502
1st target achieved @ 2401
35,350 profit running safe can book fully
Trade closed: target reached: 2nd target is also achieved
50,000 per lot
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TradeTheTip Global Research Pvt.Ltd.

Comments

waiting for a pin bar or engulfing candle
+1 Reply
TradeTheTip Debmitra
@Debmitra, you are too good man ...
Reply
wait for a confirmation in smaller time frame , preferably 10-15 min candle
+1 Reply
TradeTheTip Debmitra
@Debmitra, perfect 👍
+1 Reply
will post updates as i take trades following any of your patterns :D
Reply
TradeTheTip Debmitra
@Debmitra, definitely sir ....if you 'll update it 'll be helpful for me as well
Reply
Debmitra TradeTheTip
@TradeTheTip, you don't have to call me "sir" :D we are buddies
keep analyzing, i am learning a lot from you as well
Reply
sold one lot
10 min candle confirmation : 11.25 candle reversed hammer
target 1.5 ATR(5) : 13 point
1 lot : 350
target reached at 11.55 candle(10 min)
profit 4550
Reply
TradeTheTip Debmitra
@Debmitra, keep minting .... i'm glad that you are making money with that ease ...have a profitable day ahead
+1 Reply
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