EICHERMOT - SWING TRADE - 3rd December #stocks

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

Trade active:

EICHERMOT Update
- Target Level 1 Achieved
- 7% in 2 trading sessions

- TSL On

#stocks #swingtrade #chartanalysis #priceaction #traderyte #eichermot

Comment:

EICHER MOTORS Update - 21st March, 2024

Previously:
- 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

* Disclaimer