Get started

EICHERMOT

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
Higher Highs Higher Lows - EICHERMOT📊 Script: EICHERMOT 📊 Sector: Automobile 📊 Industry: Automobiles - Motorcycles / Mopeds Key highlights: 💡⚡ 📈 Script is trading in Upward moving channel and forming Higher Highs Higher Lows on daily chart. 📈 One can go for Swing Trade. ⏱️ C.M.P 📑💰- 4941 🟢 Target 🎯🏆 - 5073 ⚠️ Stoploss ☠️🚫 - 4808 ⚠️ Important: Always maintain your Risk & Reward Ratio. ✅Like and follow to never miss a new idea!✅ Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes. Eat🍜 Sleep😴 TradingView📈 Repeat 🔁 Happy learning with trading. Cheers!🥂
NSE:EICHERMOTLong
by radha_23
Double Bottom Neckline Breakout - EICHERMOT📊 Script: EICHERMOT 📊 Sector: Automobile 📊 Industry: Automobiles - Motorcycles / Mopeds Key highlights: 💡⚡ 📈 Script is trading near Double Bottom Neckline which is resistance level 4010, and giving breakout of it. 📈 MACD and Double Moving Averages are giving crossover. 📈 RSI is around 61. 📈 One can go for Swing Trade. ⏱️ C.M.P 📑💰- 4019 🟢 Target 🎯🏆 - 4200 ⚠️ Stoploss ☠️🚫 - 3921 ⚠️ Important: Always maintain your Risk & Reward Ratio. ✅Like and follow to never miss a new idea!✅ Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes. Eat🍜 Sleep😴 TradingView📈 Repeat 🔁 Happy learning with trading. Cheers!🥂
NSE:EICHERMOTLong
by radha_23
Eicher motors around the resistance zone (26/02/24) The stock has taken a nice support from the weekly 20 EMA and has closed around the previous candle close. There is a resistance zone around 3950-3985. If this resistance is clear and price sustain above the level. There will be chance of stock touch its recent high around 4160 level. In case there is a pullback and price action near the support zone (3765-3800) shows some positivity, a nice R:R ratio trade can be captured. Possibility of stock dropping below the support zone is quite less and if it occures, short opportunity will be there upto the next support level. Major support zone :- 3765-3800, 3600-3625 Positional trades in the stock can be created in this week as per the trend. On the daily charts market is consolidating and there are chance of a break out. Next thursday being the monthly expiry march expiry options can be trades. Both side momentum is possible in the stock. Nifty Auto is trading around the ATH. Wait for the price action on the daily charts and enter accordingly.
NSE:EICHERMOT
by TheMamboMomentum
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
EICHERMOT | Swing Trade📊 DETAILS Sector: Automobile - LCVS/ HVCS Mkt Cap: 94,717 cr Eicher Motors Limited, incorporated in 1982, is the listed company of the Eicher Group in India and a leading player in the Indian automobile industry and the global leader in middleweight motorcycles. Eicher has a joint venture with Sweden’s AB Volvo to create Volvo Eicher Commercial Vehicles Limited (VECV). VECV is engaged in truck and bus operations, auto components business, and technical consulting services business TTM PE : 29.39 (Low PE) Sector PE : 52.85 Beta : 0.83 📚 INSIGHTS Strong Performer Stock with consistent financial performance, quality management, and strong technical momentum indicating good investor enthusiasm. Currently valued at Good to expensive valuation 10.84% away from 52 week high Outperformer - Eicher Motors up by 2.67% v/s NIFTY 50 down by -1.36% in last 1 month 📈 FINANCIALS Piotroski Score of 5/9 indicates Average Financials Disclaimer: This analysis Is For educational purposes only, And I'm not a SEBI registered analyst. If you found this analysis helpful, I encourage you to like and share it. Your observations and comments are also welcomed below. Your support, likes, follows, and comments motivate me to consistently share valuable insights with you. 🔍 More Analysis & Trade Setups 🔍 For more technical analysis and trade setups, make sure to follow me on TradingView: www.tradingview.com
NSE:EICHERMOTLong
by Munish_Jain
BEARS RIDING DOWN EICHER MOTORS ???!!!Chart patterns does insist me to go with opinion stated above. Reasons: 1. Eicher motors is travelling (and respecting) in different patterns . 2. June 2022 , Eicher motors broke out of major triangular pattern and rose to about 35% . 3. Monthly(November 22) candle - Bearish engulfing candle , Oct 2022- Hanging man candle confirming the Bearishness. 4. It is also travelling in a ascending channel pattern (as you can see it is currently in the down move inside the pattern). 5. Stock has given Breakdown(11 nov candle) with superb volume out of a trendline. 6. Head & Shoulders pattern in Daily time frame and given breakdown on 2 Dec with good volumes. 7. Target & SL levels mentioned in the chart... I can show things separately and clearly in weekly daily monthly charts...but trading view allows only members who have reputation of 10 (or paid ones) to use that feature while publishing ideas. Soon I will earn that 10 points . Sorry if chart looks so congested....Feel free to ask if there is any confusion. Let's wait and watch how it moves!!!! Note - Just Sharing my view...not a tip nor advice...
NSE:EICHERMOTShort
by mmjimm
4
EICHERMOT - Low Risk high & High Reward TradeEICHERMOT is currently trading on the daily and weekly demand zones. On its weekly chart, EICHERMOT is getting support from the EMA 50, and on its daily chart, it is getting support from the 200 DMA. On the daily chart, we can see the formation of a double bottom and RSI Bullish Divergence. On the weekly chart, the "wave volume divergence indicator" shows that selling volume is also declining. You can plan your entry and keep your stop loss below the swing low if you want to enter a trade aggressively to catch the bottom. This trade has a low risk and high potential reward, in my opinion. Note: My analysis is solely for study purpose; I am not a SEBI registered. If my analysis proves useful to you, please like it and follow me on TradingView for more analysis like this.
NSE:EICHERMOTLong
by AfnanTAjuddin
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 TheMamboMomentum
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
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 TheMamboMomentum