Reasons for buying Eicher motors
1. Support from 400 days EMA
2. Oversold RSI
3. RSI Positive Divergence
4. MACD is about to crossover
5. Sales figures for the month are very good
6. Result is on 2nd Nov. Results are going to be good
7. Festive season pent-up demand
8. Very good Risk to Reward ratio
Buy Eicher Motors at CMP for the target of 20% on the up side with the Stop Loss of 2450.
1. Support from 400 days EMA
2. Oversold RSI
3. RSI Positive Divergence
4. MACD is about to crossover
5. Sales figures for the month are very good
6. Result is on 2nd Nov. Results are going to be good
7. Festive season pent-up demand
8. Very good Risk to Reward ratio
Buy Eicher Motors at CMP for the target of 20% on the up side with the Stop Loss of 2450.
Comment:
Target 1 is Done & Dusted in style! Still those who have missed the rally can participate for Target 2 and 3.
Comment:
Target 2 is also hit, BUY now at CMP for Target 3 and 4.
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