Eicher Motors Breakout Eichermot broke out exactly at the 200DMA. Good zone for potential upside from here. Will be trading every rally for a couple more weeks. If nifty also starts to move it will be catalyst for Eichermot.
EICHERMOT
EICHERMOT--WATCH FOR BREAK OUT OR BREAK DOWNAfter the Head and Shoulder breakdown the price is now at a crucial support level. We may see a reversal from the current support to the trend line.
Be prepared for an outcome on either sides. Can be a good trade on either sides if volumes are good. Wait for price action.
EICHER MOTORS IN 15 MINS CHART1) 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.
Enter Long in Eicher Motors at current levels! Pullback Coming..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
Eicher MotorsCan buy for short-term as I see reversal in the daily charts.
CMP 2596
Stop Below 2440
Target 2700 / 2800 / 3000
EICHERMOT LONG• Channel since May 2020.
• Stock at Big time support.
• Has the support of 200-day Exponential Moving Average.
* Educational Purpose Only *
NSE:EICHERMOT
Eicher Motors : Fibo Retracements and support levelsEicher 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.
SellEicher 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 MotorsTrade according to your risk appetite!
Happy trading :)
Do drop a like and support for more ideas!
Can EICHER MOTORS ride further ?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.
eichermotors at supporteichermotors is at a good support. we can go long with good risk reward and limited stoploss.
EICHERMOT - ASCENDING TRIANGLEA 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 recommendation and is for educational purposes only.
always follow risk-reward and quantity management for the 100% of the times
The above mentioned idea may not work, so beware of the risk you are taking
Follow me to Learn and Earn with me.
Happy Trading!!
Eichermot | Harley Davidson leaved India 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 ,they will rule and planned the new model to launch soon
Go as Per Charts
You guys can change the targets and stop-loss as per your risk management
just go LONG
DON'T forget to check out the related ideas which i have mentioned below
FOLLOW & LIKE & COMMENT
Will EICHER MOTOR BULLET high?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
EICHERMOT is Running in SR Trendline (Strong Breakout Trade)Eicher Motors Limited : Commercial Company ( NSE:EICHERMOT ) is Making SR Trendline Pattern (PATTERN BREAKOUT TRADE).
This can become a very good trade for INTRADAY traders.
Target + StopLoss: There is no target here. You keep the first target as much as the StopLoss you put. And the StopLoss will be the Low/High of the candle that broke this pattern. Or Low/High swing backward inside the pattern.
And as soon as you get a profit of 0.50% of your target, you will trail your StopLoss and bring it to the entry point. And as soon as your first target is hit, you will release half of your total quantity and continue to trail your StopLoss above the last swing Low/High.
Target and StopLoss are never already fixed in the chart pattern.
Thank you.
You always have to trade only by money management, position sizing, StopLoss trailing. This is the way to stay in profit.
Chart Published By Ravinder Sharma
Eichermot Daily Analysis_17/08/20a. Zone: Strong Bear
b. Resistance 1: 22201
c. Resistance 2: 22763
d. Support 1: 19811(Double Bottom Bullish Pattern)
e. Support 2: 18828
NSE:EICHERMOT
