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ShreeKrishna
Feb 10, 2020 2:33 PM

Long  Long

EICHER MOTORSNSE

Description

This scrip is highly volatile , due to which i had to switch to Ranko Bar , Box size of 225 Points

the scrip has corrected and moved out form Ending diagonal , One can visually identify that the down move pattern is zig zag and usually

ZigZag are reflective in nature

What i mean is if down move is in ZigZag the up side move is very high likely Zigzag move with 100 % movement in the price

on daily its still bearish sign but i do look the noiseless chart its clearly showing its about to make turn around

One can position Long in future contract ( Preferably March ) for next up side move

Book using trailing stop on daily low basis

Good luck

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