Eicher is trading in a range.
Eicher has perfectly respected it 200 ema and a resistance level of 2570,
The stock is trading between its 20 and 200 ema on a daily time frame.
The stock has tested its level several time and if a candle close above the level of 2570 on a hourly time frame it can move further up.
Support :- 2450, 2350
Resistance :- 2570, 2650
If the stock will break the level of resistance and moving average at the same time, the trade will be double confirmed.
Wait for the price action near the levels for confirmation.
The stock is trading between its 20 and 200 ema on a daily time frame.
The stock has tested its level several time and if a candle close above the level of 2570 on a hourly time frame it can move further up.
Support :- 2450, 2350
Resistance :- 2570, 2650
If the stock will break the level of resistance and moving average at the same time, the trade will be double confirmed.
Wait for the price action near the levels for confirmation.
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