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ssudhirsharma11

#EicherMotor, Short setup for 1.5-2.25% gains in F&O

Short
EICHER MOTORS (NSE:EICHERMOT)  
ssudhirsharma11 Updated   
NSE:EICHERMOT   EICHER MOTORS
Trend Analysis Technical Indicators eichermotors shortsetup intraday intradaystrategy short-term
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trendanalysis indicator eichermotors shortsetup intraday intradaystrategy short-term
On Weekly TF Eicher motor has made inverted hammer candle and I am looking to initiate short trade below 3325. If Eicher open flat on Monday then will initiate short trade below 3325, if open gap up then will wait for rejection around 3370 and then initiate trade this will give great risk reward. If open gap down then need to wait to take rejection around 3325 level which is friday's low. My final target will 3280 & 3240 and SL would be 3380 or 3330 depending on which scenario get's played out.
Let's see how market will react on Monday. Happy trading , enjoy :)

Trade active:
keep trailing
Trade closed: target reached:
Trailing SL hit at 3298
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