NSE:EICHERMOT Fundamental Pick !!!NSE:EICHERMOT
Technically not broken the support and gap up with good volumes, got good numbers.
Fundamental pick !!
Happy Trading !!
Eichermotorltd
🏍🚚 Eicher Motors Heading Towards Support NSE:EICHERMOT
As one can see on chart, Eicher motors share heading towards harmonic support ones it enters in harmonic PRZ then wait for perfect reversal then only go for swing long as per your trade setup.
******whatever charts or levels sharing here are just for educational purpose only, not a recommendation. Please do your own analysis before taking any trade on them. We are not SEBI registered.
New Update: Eicher motor Elliott Wave AnalysisEicher motor has completed a triangle at wave 4.
After the 4th wave correction, the price has started moving upward.
But we can't ignore the B-D line for accurate confirmation.
I had published Eicher motor on 12 September 2021.
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EICHER MOTORS
Target:- 3256
Stop Loss:- 2813
Duration:- 8 to 10 Weeks
The stock has already break the resistance line and test that resistance point again and used that as a support, showing a bullish candle, which is an indication of upside move. So we can buy this at market order. Use proper stop loss and maintain discipline throughout the trading period and use trailing stop below all the wave step by step.
EICHER MOTORS LOOKING GOOD BUYEicher 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.
Happy Trading!
InvestPro India Team
EICHERMOT Ready For Long RideEICHERMOT
Buy Above- 2860(Add More @ 2600)
Sl - 2450
Target - 3045 3350 3500
Buy on Chunks.
EICHER MOTORS
Target:- 3315
Stoploss:- 2680
Stock has already break the resistance line on the upside and completed symmetrical triangle pattern, now showing a bullish candle. This is clear indication of good upseide breakout. So we can ride on that bull run.
Eicher MotorsEicher Motors - Cmp 2764
The stock is giving breakout from the triangular pattern. Looks good for long above 2775 for targets of 2900/3000 with a stop loss of 2700 on clbs.
Swing trade∘ Eicher Motors Analysis
∘ Supply zone taking multiple times Resistance
∘ If zone break with high Volume go long Target marked in chart
Note : Always be extra cautious with breakout trade with confirmation .
Eichermotor - Elliott wave analysis # complete cycleIt is about to complete correction and move higher for new high.
Projection for wave 5:
First target : 3500
Second target : 3800
Third target : 4050
Invalidate level : 2450
Day TF s3.tradingview.com
EICHERMOT Swing Trade Buy For 14%Eichermotors is ready to give a decent target of 14% in buy side.
Initiate the trade from the given levels.
Buy- Above 2720
SL - 2660
Target - 2865 2950 3050 3100
Note:- I am not SEBI registered . All Views and trade setups are my personal view and my personal trade setup.
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Also check the below related ideas for other stocks.
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 MotorsTrade according to your risk appetite!
Happy trading :)
Do drop a like and support for more ideas!
Eicher Motors - ShortNote: This is for educational purpose only.
There is a channel bearish breakout with high volume. Moreover, RSI below 50 indicates loss of momentum.
Eicher Motor Broken Two Years Trend line !!!Looks like Eicher motors has broken TWO YEARS trend line drawn from April'18.
Can go LONG in it, if it crosses 20310.
Eicher Motors - Head and Shoulder PatternThough this seems to be perfect head and shoulder pattern, However this will be marked as invalid because target would come as zero.
And there are no issues with company financials, What we can do is just avoid investments in this counter until it closes above 17000.
Not recommending to short
