Eicher Motos is near its previous high and about to give breakout from the pattern, Once can go long if it sustains above the upper yellow line on 15 mins time-frame for marked targets on the chart.
To motivate me, Please like the idea If you agree with the analysis.
InvestPro India Team
NIFTY 50 EOD ANALYSIS -05-08-21
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.