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Eicher

Eicher Motors Breakout Signals Momentum Towards 6000Details: Asset: Eicher Motors Limited Breakout Level: Confirmed breakout with sustained momentum Potential Target: 6000 Stop Loss: Below recent breakout level or as per risk management Timeframe: Short to medium-term Rationale: Eicher Motors has confirmed a technical breakout, supported by strong volume and bullish sentiment. The breakout suggests a potential upward movement, with 6000 as the immediate target. Market Analysis: Technical Setup: A decisive breakout with strong follow-through signals the continuation of an uptrend. The stock is showing robust momentum toward higher levels. Fundamental Strength: Eicher Motors, a leader in premium motorcycles and commercial vehicles, stands to benefit from growing consumer demand and favorable macroeconomic conditions. Price Target: Immediate target: 6000 Risk Management: Set a stop loss just below the breakout level to mitigate downside risk in case of a reversal. Timeframe: The move toward 6000 is anticipated in the short to medium term, driven by sustained buying interest and strong technical indicators. Risk-Reward Ratio: Favorable, with a high-probability breakout and significant upside potential, offering an attractive setup for bullish traders. Keep an eye on volume and broader market conditions to ensure momentum continues to support the move toward 6000.
NSE:EICHERMOTLong
by CyborgTradingHub
EICHERMOT: Bullish Momentum Indicates Potential Rally AheadEICHERMOT, as of now, exhibits a promising trend with its stock trading within a rising channel pattern. Targeting the first milestone near the all-time high resistance of 4200. If the stock maintains its position above this resistance level, there is a possibility of witnessing a more substantial rally in the future. Investors may find this development intriguing and could keep a close eye on the stock's performance.
NSE:EICHERMOTLong
by financebysujit
Eicher consolidating in a range.Eicher motors on the daily time frame has been trading in a narrow range of 50-60 points which is unusual of this kind of stock. The stock on the weekly time frame has tested its 20 ema and formed a hammer doji. The stock has been falling for 2-3 weeks and can give some retracement before continuing another leg. 3 point confirmation. 1. Taking support from 20 ema. 2. Box consolidation on daily time frame. 3. Hammer candle on daily and weekly time frame. The markets are in bullish move and the stock can give a good up move. Let the stock cross and sustain above 3415 levels. A swing and intraday trades can be initiated once the levels are sustained. Target :- 3500, 3555 Stop loss :- 3356, 200 ema(4-hour time frame). Wait for a price action near the price levels before entering the trade.
NSE:EICHERMOT
by TheMamboMomentum
Simple Trade Setup | EICHER MOTOR | 30-05-2022 [INTRADAY]NSE:EICHERMOT Observations: 1) On 1 week time frame, it has come above the resistance channel and closed above it. Please refer below chart : 1 week time frame. Now make or break range is 2780-2800 range. Sustainable breakout of this range will give good up move an if it fail to do it then it can come down to retest again this resistance channel. So keep this stock on radar through out next week. 2) Below is the same chart but on 1 day time frame. Please refer below chart : 1 day time frame. ------------------------------------- Trade Setup for 30-05-2022 1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action. 2) Everything is mentioned on the chart. I hope it is easy to understand. 3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level. 4) Avoid gap up or gap down chase. Wait and trade between levels. Please refer below chart for levels. Hope I made it easy to understand it. Do comment your doubt or suggestion. Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
NSE:EICHERMOT
by Trading_hawk
Simple Trade Setup | EICHER MOTOR | 03-01-2022[INTRADAY]NSE:EICHERMOT Observations: 1) On 1 day time frame, it is below 200DMA and it gave good up move from 50DMA. 200DMA is immediate resistance and 50DMA is immediate support. 500DMA @ 2542.36 and 200DMA @ 2620.84 Please refer below chart : 1 day Time Frame. 2) Also On 1 day time frame, we can see formed perfect double bottom pattern and we can also see now next major breakout level is 2620. Please refer below chart : 1 day Time Frame. 3) On 1day time frame, it has reached till the top line of resistance channel. Please refer below chart : 1day Time Frame. ------------------------------------- Trade Setup for Date: 03-01-2022 1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action. 2) Everything is mentioned on the chart. I hope it is easy to understand. 3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level. 4) Avoid gap up or gap down chase. Wait and trade between levels. Please refer below chart for levels. Hope I made it easy to understand it. Do comment your doubt or suggestion. Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
NSE:EICHERMOT
by Trading_hawk
Nifty builds its first resistance around 16350NIFTY 50 EOD ANALYSIS -05-08-21 IN SUMMARY Open / High / Low / Close 16288.95 / 16349.45 / 16210.3 / 16294.6 Trading Range Low to High: 139 points Likely Max Realistic Opportunity @ 50%: 69.5 points India VIX: 12.87 / --2.57% FII DII activities: +12 Crores CHART BASED CONCLUSIONS Nifty made yet another gap-up opening and yet another ATH close. Another Higher High and Higher Low is a good sign. Interestingly, Nifty has now 2 resistances - 16350 and 16300. Today, expiry pressure may have led it to close below 16300 as well. Tomorrow is RBI policy so till then it is likely to be range bound and then the key point is whether Nifty can close the week above 16300. On daily charts, it has formed a Doji pattern indicating indecisiveness which is understandable in the now not so familiar zone. TOP 3 LOSERS SBI - After declaring a good set of numbers, SBI dragged the indices with a big red candle and it may go down to its 20 DMA which is still a few points away. The good point is that on the decline, the volume is not high as compared to what it was yesterday. INDUSIND BANK - It gas been forming candles of all types and is all over within a range. It would be able to breakout or break down only when this range is broken above 1050 or below 950-60. BAJAJ FINANCE - A scrip that moves in an inconsistent manner, had a big red day as it took resistance from the earlier close and ended the day near the day low. This was preceded by an inverted hammer yesterday so negativity is likely to bring it down to retest 20 DMA which is just a few points away. TOP 3 GAINERS BHARTI AIRTEL - One man’s loss is another man’s gain. This is what sums up its roar today as Kumar Mangalam Birla stepped down as the Chairman of Vodafone Idea. It took the scrip back into the pre-Covid resistance zone and as of now, it has faced the resistance . The volume is good so it may reattempt to cross the line. Wait and watch for now. EICHER MOTORS - It made a strong move after clearing the 20 DMA line and is heading higher. There is something about the scrip that is taking it higher especially when most of the key Auto scrips were suppressed. ITC - The sleeping giant took support from 20 as well as 50 DMA and jumped sharply and is now in the resistance zone yet again with the difference that this time it has good momentum as well as volumes to support so it may well be able to clear the zone in the coming days. POSITIVES ITC, RELIANCE & HDFC BANK performed well today which helped Nifty to stay in the green. HDFC BANK jumped past 1500 level but the expiry trades may have dragged it in the closing minutes. RELIANCE emerged like ITC from the archives but faced its strong resistance and that made the scrip slide back almost 1% from its high of 2154. It along with HDFC BANK now holds the key for the indices. DIIs have matched FIIs selling so the DOJI pattern is explained. NEGATIVES SBI and ICICI BANK underperformed today which dragged Bank Nifty below 36000. FIIs turned net sellers on the 3rd day itself so it appears that they do not seem to be sure about what is in store ahead. HDFC also witnessed some weakness and accompanied by MARUTI and M&M prevented Nifty from closing above 15300-350. TRADING RANGE FOR 0-08-21 As of now, the indices are on the run so I prefer to wait for them to settle down for the week before working on any levels as from hereon till some time, heavyweights could decide which way and how far the indices could be move. INSIGHT / OBSERVATIONS I find it very hard to see that Nifty hit another ATH today and yet several of its key constituents are well below their ATHs and some are struggling to come out of the slumber. I view this as a double-edged sword kind of situation - The good part is - if many heavyweights are still underperforming, Nifty would be able to scale even higher when they start performing. The not-so-good - It means that this rally is driven by a few stocks only and for a market to be stable and upwardly mobile it should have broad market participation. What do you think? Thank you, and Happy Money Making! Umesh 5-8-21 P.S. If you choose to comment on the above, please do so with your analytical view rather than merely passing a comment. Your presentation of the view held by you would help other readers as well. NOTE -- This write-up is not a prediction mechanism for the movement of Indices in the Indian markets as the markets are unpredictable in nature. I may refer to many data points in the article but I do not base my view on any of these standalone. In fact, I prefer to react to the price moves than predict the price moves. I also do not review Open Interest. Whatever data points I am using, are all stated in the article. The article title, as well as its contents, can at best be stated as --- This Is How I Read Nifty. I hope I have been able to set the expectations right.
NSE:NIFTY
by AVENUESOFINVESTMENT