TradingView
Dinesh_C_Nagpal
Mar 23, 2020 9:39 AM

Eicher Education

EICHER MOTORSNSE

Description

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
Comments
SunilKhemani
Check Nifty Auto Monthly, it is on similar lines !!
More