Get started

Eicheranalysis

Eicher giving a break down.Eicher motors closed below the 20 ema kn the weekly time frame with high volumes. On daily analysis the stock has also breaker down the support level of 3355. The stock seems to be in a down trend and can trade to even lower levels. 3 point confirmation. 1. Closed below 20 ema ( weekly time frame). 2. Retest of 20 ema and going below the resistance level on daily time frame. 3. High volume break down . Markets are in a bull run and before another up move can retest the lower levels. Targets :- 3240, 3166 Stop loss:- 3355 Wait for the stock to start trading below the previous day low i.e. 3325 after a retest. The stock can even touch the daily 200 moving average. Intraday and swing trades can be initiated in the stock. Wait for the price action near the levels before entering the trade.
NSE:EICHERMOTShort
by Mambotrade
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 Mambotrade
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
Eicher is trading in a range.Eicher has perfectly respected it 200 ema and a resistance level of 2570, The stock is trading between its 20 and 200 ema on a daily time frame. The stock has tested its level several time and if a candle close above the level of 2570 on a hourly time frame it can move further up. Support :- 2450, 2350 Resistance :- 2570, 2650 If the stock will break the level of resistance and moving average at the same time, the trade will be double confirmed. Wait for the price action near the levels for confirmation.
NSE:EICHERMOT
by Mambotrade
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
EICHER MOTOR HEAD AND SHOULDER BREAKDOWNEicher Motor has given a breakdown of a Head and Shoulder formation on a daily chart. Right now the price is at a crucial level hovering in the Supply and Demand Zone. If this zone act as support then a pullback from the neckline and after a possible retest of S&D zone the peak of the shoulders Rs. 2700 will be our 1st target and after that, if bullish momentum continues Rs. 3000 can be our 2nd target. If the price goes below the supply and demand zone then it can come back to retest this level and then continue a bearish move for the target price of around Rs. 2015.
NSE:EICHERMOT
by Aditya_Pal_Singh