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Dinesh_C_Nagpal

Eicher

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EICHER MOTORS (NSE:EICHERMOT)  
Dinesh_C_Nagpal Updated   
NSE:EICHERMOT   EICHER MOTORS
Trend Analysis Harmonic Patterns Chart Patterns eichermotors head_and_shoulder Bearish Patterns ichimokuindicator ichimokers ichimokuscholar
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trendanalysis harmonicpatterns chartpattern eichermotors head_and_shoulder bearish ichimokuindicator ichimokers ichimokuscholar
Unless the monthly candle manages a close above 15200 this bearish H&S breakdown is suggesting 11500-12000 (Ichimoku support + 62%) and if that gives way then all the way down to 5000. Please don't forget this is a monthly time frame outlook. It can take all the sweet time in the world to get there.
Comment:
a monthly close below 15000 is not good sign
Comment:
13500 is now a major resistance. No major support till 11500
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