There were two possible trades, Daily chart and hourly chart are showing two different game plans, yes Daily close is above the trendline but hourly close is below the trend line with a possible divergence.
Eicher motor have taken support on trendline (on daily chart) and also Recent Low will act as support. If the previous low of 27021 taken down then can have a nice fall till 25500.
Meanwhile Going above 27400 can take to 27900 28400. Plan your trade accordingly.
Eicher motor have taken support on trendline (on daily chart) and also Recent Low will act as support. If the previous low of 27021 taken down then can have a nice fall till 25500.
Meanwhile Going above 27400 can take to 27900 28400. Plan your trade accordingly.
Trade active
Active on shortsideTrade active
Till now going good. Made low of 26579.Trade active
Trail your stops as per your plan.Note
Reached near to my initial targets. So i have closed my positions.Trade active
Its chance for fresh entry
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.