Kalyan_Mukherjee

Eicher Motors is on its way to create a expanding channel

Long
NSE:EICHERMOT   EICHER MOTORS
Eicher motors, after completing a head and shoulders pattern on daily chart, now on its way to create an expanding and ascending channel. Presently a trader can catch the movement upto its upper channel wall. i.e upto approax 3600 price level, after which , it may return to the lower channel wall to 3400 price level. However this is not a trading recommendation and only for educational and analysis purpose.

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