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ReviveTraders
Dec 11, 2020 4:38 AM

Eicher Motors | Head & Shoulder patterns | 2 Hrs  Short

EICHER MOTORSNSE

Description

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 Below your view !

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
Comments
Debmitra
waiting for a pin bar or engulfing candle
ReviveTraders
@Debmitra, you are too good man ...
Debmitra
wait for a confirmation in smaller time frame , preferably 10-15 min candle
ReviveTraders
@Debmitra, perfect 👍
Debmitra
will post updates as i take trades following any of your patterns :D
ReviveTraders
@Debmitra, definitely sir ....if you 'll update it 'll be helpful for me as well
Debmitra
@tradethetip, you don't have to call me "sir" :D we are buddies
keep analyzing, i am learning a lot from you as well
Debmitra
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
ReviveTraders
@Debmitra, keep minting .... i'm glad that you are making money with that ease ...have a profitable day ahead
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