EICHERMOT (1W TF)
Swing Trade Analysis given on 3rd December, 2023 (Sunday)
Pattern: ASCENDING TRIANGLE
- Volume Spike Buildup Near Resistance - Done ✓
- Neckline Breakout - In Progress
- Retracement + Consolidation - In Progress
#stocks #swingtrade #chartanalysis #priceaction #traderyte #eichermot
Swing Trade Analysis given on 3rd December, 2023 (Sunday)
Pattern: ASCENDING TRIANGLE
- Volume Spike Buildup Near Resistance - Done ✓
- Neckline Breakout - In Progress
- Retracement + Consolidation - In Progress
#stocks #swingtrade #chartanalysis #priceaction #traderyte #eichermot
Trade active
EICHERMOT Update- Target Level 1 Achieved
- 7% in 2 trading sessions
- TSL On
#stocks #swingtrade #chartanalysis #priceaction #traderyte #eichermot
Note
EICHER MOTORS Update - 21st March, 2024Previously:
- After achieveing our 1st Target Level, our TSL was hit and we were stopped out
Currently:
- The stock is back at our Weekly Resistance Zone
- Consolidating for nearly 3 months now
- Respected the Lower Trendline
- Strong Buildup with Volumes
Going Forward:
- Possible likely breakout heading towards the same two target levels
- Small SL for a better RR
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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.