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singh17vivek
Mar 28, 2024 2:57 PM

Rally on cards Long

EICHER MOTORSNSE

Description

Eicher - CMP 4020

Fibs- the full retracement to 61.8% is indicating that the trend is strong but is loosing momentum. Hence the rally has to be taken with a pinch of salt.
Fib ext is giving me two tgts one at 4500 and the other at 5400. In my view along with trendline resistance at 5400 is a likely zone of strong resistance and one should book profits there.
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