TRADEWITHFUN247

Eicher Motor ,Head and shoulder pattern

Education
NSE:EICHERMOT   EICHER MOTORS
Logic
1) H&S pattern formation
2) Major trend is sideways, (if we see for a long term trend )
3) Even after breakdown we have to wait for the supportzone, so taking a short call should be with confirmation.
4) 200 moving average is acting as support ,closing below it will intiate a fresh selling.
I am not recomending anything it is just an observations
Comment: As expected ,taking support from the crucial support zone , read the 3rd poin i mentioned above
Comment: 2010 is the next major support for eicher if successfully break the support zone, as you can see it just shoot up more than 10 % from th support zone , keep eye on this support zone

Comments

TRADEWITHFUN247 MonsterTrder03
@MonsterTrder03, most welcome sir
Reply
he is good
+1 Reply
going good keep it up
+1 Reply
please read the 3 rd point
Reply
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