Eicher Motors Limited
Long
Updated

Trading Idea on Eicher Motors

390
EICHERMOT

Stock is near support level of 4200 level. Long may be initiated with Trailing Stop Loss near 4135 level. Daily close above 4320 may lead to stock to 1.618 Fibonacci extension level near 4595 level.
Note
Daily close above 4320. Heading towards 4600 target.
Note
Reached 4595 level. Trailing Stop Loss to be placed at 4490 and set for next fibonacci 2.618 level of 5225 level.

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