Eicher motor is standing at a resistance on weekly charts
Simple Chart with strong implications - - Resistance - Bearish Engulfing Pattern - Volume Confirmation - RSI oversold
SRF IS NEAR SUPPORT WITH RELATIVE STRENGH WEAKENING BUT IT HAD HAPPEN IN PAST INSTANCES NSE:SRF FROM WHERE BUYING EMERGES AND STOCK HIT FRESH LIFE HIGHS ATLEAST 20% UPSIDE FROM CURRENT LEVELS
it may again touch 118 .... but it breaks 108 lvl .... then may go down
It has made a Bearish Harmonic Alt Shark near the trend line resistance. It could retrace till 220, view negates above 238
The WEEKLY time frame has activated a Bearish Harmonic Shark. If it sustains below 1250 then it could retest 1200 and below that 1075. View would negate above 1270
1. Spot the breakout 2. wait for the retest 3. find an indication (read: divergence) that suggests prices to fall (in this case) 4. enter a trade with proper risk managment Stay safe, learn before you can take positions! Do not just blindly follow anyone. "Be a student & not a follower!"
Take care ofcritical supports