CURRENT STRUCTURE:WXY DOUBLE CORRECTION
CURRENT LEG:WAVE Y(ABC)
CURRENT INTERNAL STRUCUTRE: WAVE A COMPLETION
LOOKS LIKE EICHER MOTORS HAS COMPLETED IT'S WAVE A OF HIGHER DEGREE WAVE Y SECOND CORRECTION.PRICE IS MAKING HAMMER CANDLE STICK PATTERN WHICH IS A SIGN OF BULLISH REVERSAL.ALSO PRICE WISE IT HAS A SUPPORT OF 61.8% EXTENTION OF WAVE W @2340.
LONGS CAN BE INITIATED @ CMP OF 2345 WITH A STOP LOSS OF 2298 AND TGT OF 2485.
DISCLAIMER:There is no guarantee of profits or no exceptions from losses. The study provided is solely the personal views of my research. You are advised to rely on your judgment while investing/Trading decisions. Past performance is not an indicator of future returns. Investment is subject to market risks. Seek help of your financial advisors before investing/trading.
I may or may not trade this analysis
CURRENT LEG:WAVE Y(ABC)
CURRENT INTERNAL STRUCUTRE: WAVE A COMPLETION
LOOKS LIKE EICHER MOTORS HAS COMPLETED IT'S WAVE A OF HIGHER DEGREE WAVE Y SECOND CORRECTION.PRICE IS MAKING HAMMER CANDLE STICK PATTERN WHICH IS A SIGN OF BULLISH REVERSAL.ALSO PRICE WISE IT HAS A SUPPORT OF 61.8% EXTENTION OF WAVE W @2340.
LONGS CAN BE INITIATED @ CMP OF 2345 WITH A STOP LOSS OF 2298 AND TGT OF 2485.
DISCLAIMER:There is no guarantee of profits or no exceptions from losses. The study provided is solely the personal views of my research. You are advised to rely on your judgment while investing/Trading decisions. Past performance is not an indicator of future returns. Investment is subject to market risks. Seek help of your financial advisors before investing/trading.
I may or may not trade this analysis
Trade closed: target reached