eichermotors cuurently the market is in major trend line levels (green colour) which is in confluence with support levels (red colour) candlesticks forming engulfing patterns ( currently, candlesticks may change at the end of day ) on daily charts giving some indication for buying opportunity we can expect an upmove upto 3800 levels
good analysis, yes i expected it to move in the same way considering your chart. but i feel it failed to continue the same positive trend because of various factors like trade war, sanctions by us on auto imports and other factors.
thanks for charting out the support lvls and trend. thanks
mklives
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i feel eicher rally is over for sometime to come..this has run its course..
premanandh
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@mklives, yeah its looking like there is no good upward pressure to move the market up . . the wave looks like a short term correction, of the long term uptrend . . , its in a major support levels . .lets wait and watch . . anyways thank u for commenting
thanks for charting out the support lvls and trend. thanks