BullofIndia

Eicher Motor without Oil ??

NSE:EICHERMOT   EICHER MOTORS
The stock is currently in its no trade zone – RSI is at 42. There is a clear divergence in price and RSI – Negative Divergence – Formed inverted head and shoulder pattern – Momentum looks bearish – If close below 2570 or 2535 – next crucial support is 2460 and if that is broken – it will go down to 2300 and 2150. On upside, it will face resistance at 2625/2670.

P.S - I am not a SEBI registered advisor - Ideas only for Educational purpose - Pure guess - 99% wrong - Do not use for investment or trading purpose.

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