SaiKiran578

Eicher Motor Broken Two Years Trend line !!!

Long
NSE:EICHERMOT   EICHER MOTORS
Looks like Eicher motors has broken TWO YEARS trend line drawn from April'18.

Can go LONG in it, if it crosses 20310.
Trade active: That was a beautiful break out with 5% up in a single day.
Trade active: Can go long (preferably with Sep futures) with target of 22500 and SL 19680
Trade active: Stop Loss can be changed to 20214
Trade active: Change stop loss to 21160

Comments

Is it right time to enter or should wait till stock split?
Reply
@JPCorp3, Stock split date is not yet announced. and the first resistance i.e, 21500 is reached, so after an excellent breakout, consolidation might be expected. So I suggest you to wait.

Loosing money is far better than missing an opportunity, as we will have plenty of opportunities in the market.
Reply
What could be one month target considering stock split in Aug(maybe)?
Reply
SaiKiran578 Taurus333
@Taurus333,

Target 1 - 21500, Target 2 - 22600.

Stock split is not yet decided, but if it got announced, based on the history, there is quick 10% move in the 2 r 3 weeks period of time. So it can even go above 24000.
The same has happened with SBI earlier.
Reply
Taurus333 SaiKiran578
@SaiKiran578, thanks for your valuable comments. Also stock split will happen in 1:10 ratio, only the date is not announced.
Reply
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