headymuk

GOOD CHANCE TO CATCH THE RALLY !

Long
NSE:EICHERMOT   EICHER MOTORS
Traders, I have provided full detailed chart of eicher motors in 1 hour time frame which is clearly form symmetrical triangle pattern , buy if the resistance line is broken . Stop Loss and Probable target is mentioned in the chart itself.
This analysis is for educational purpose only. Feel free to share your views. I share chart pattern very frequently.

Comments

Great Analysis Bro !!!
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headymuk Andywai
@Andywai, Thanks alot
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Good super je, i watch tgt achived
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headymuk kamatkm
@kamatkm, Thanks :D
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Good knowledge sharing
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why didnt you chose the first resistance as target bro?
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headymuk vatsalmjain
@vatsalmjain, Nice question sir , there is sort of channel formation on daily candle time frame. So it was pretty obvious that stock will try to break it or reverse from its resistance line which was at 2570, so that was my main target for swing/positional trade. Where as first target was good for intraday trade. I , myself did intraday today and booked on first target although it touched second targed ( target 1 in this chart ).
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vatsalmjain headymuk
@headymuk, i meant to ask why wasnt 2540 considered as the first target ? thank you for the reply .
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headymuk vatsalmjain
@vatsalmjain, because the stock had more potential than that as main resistance line was way above. 2540 was good intra-day target but not so good for swing trade.
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thank you, bro ....you guys very humble because you sharing your knowledge it's not a cheap idea ......have a good night
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