Enter long in Eicher Motors at current levels (2515-20) as expecting pullback from current levels.
Immediate resistance and Target will be at around 2580 and on the lower side expecting 2495 to act as Support also or SL if moves below that.
LONG - 2520
TARGET - 2575-95
SL - 2490-95
• Channel since May 2020.
• Stock at Big time support.
• Has the support of 200-day Exponential Moving Average.
* Educational Purpose Only *
NSE:EICHERMOT
1) FALLING WEDGE PATTERN ( Reversal pattern )
2)MACD DIVERGENCE
3) INCREASE IN VOLUME
Eicher motor broke falling wedge pattern and we can expect upside move. Fibonacci 50,61.8 should be our two targets on upside. Trade at your own risk. Trade safe.
Eicher has taken out low of the big bullish candle. Thr is no buying on the same level. It is underperforming Nifty50 index on RS parameter. RSI has also broken previous trough and trading below 40 which is not a bullish sign. Price may correct nto 2527 and 2410. Upside 2785 should act as resistance.
Disc : it's not an investment advice to buy or sell
Eicher motor is again at support retracement levels of 50% Fibo.
2 Gaps have been created on the chart and the price is ready to fill the gap. The stock has been rewarding in long run and continues to be in the coming times.
All levels are mentioned on the chart.
DISC: For educational purposes only. Please consult your advisor before making any bet.
EICHERMOT has given breakout from its 3-yr trendline. It can make a good up move from current levels.
Cheers! This is as per my Analysis. Feel free to share your view about this. Please do your analysis before trading/Investing.
Happy Trading.
A ascending triangle is a clear cut indication of consolidation followed by a breakout. A BIG BREAKOUT...........
Note:
Avoid the stock if a big gap up or gap down is seen
Enter after the breakout happens and not before it
Do not chase the market, i.e., do not get involved in late entries
Only enter with strict stop-loss and target
This is not a...
Harley said in a regulatory filing Thursday that it was discontinuing sales and manufacturing operations in the world’s second most populous country as part of its company-wide restructuring, or the “Rewire” plan, a five-year strategy to reset its business, focus on high-priority markets and tighten up by streamlining models.
EICHERMOTOR now have no competition...
Eicher Motor has formed Flag and Pole pattern. Stock is trading today with higher volume. Stock giving close above 2220 on 1 HR candle willl confirm Breakout and will try to move to 2400.
stock has support around 2175 levels.
PS: Chart and view is only for purpose of learning, Please consult financial advisor before any investment
