Eicher Motor, Swing BuyEicher Motor broke out with high Volume and retraced 61.8% fib level.
Price is moving up with RSI also Strong, It is good swing with 1:2 Risk Reward where SL is 6-7% and Target is 10-12%
Eichermotors
The Wheels are Turning: Auto Sector Sees Major GainsIndian auto stocks surged on January 2, 2025, fuelled by impressive December sales numbers, which propelled the Nifty Auto index to its highest daily gain in six months.
◉ Key Players
1. Eicher Motors NSE:EICHERMOT
● Surged 7%, with December sales up 25% YoY to 79,466 units, and exports rising 90% YoY.
2. Ashok Leyland NSE:ASHOKLEY
● Rose 5%, with December sales exceeding estimates, up 5% YoY, and Medium and Heavy Commercial Vehicles sales up 8% YoY.
3. Maruti Suzuki India NSE:MARUTI
● Extended gains for the second straight day, rallying 5%, driven by strong December car sales and bullish management commentary.
4. Mahindra & Mahindra NSE:M&M
● Up over 3% for the second consecutive day, with December SUV sales jumping 18% YoY to 41,424 units, driven by strong demand.
◉ Overall Outlook
The Indian automotive market is poised for continued growth, driven by a resilient economy and robust consumer demand. Potential interest rate cuts are expected to further fuel this growth, making vehicle financing more accessible and affordable for consumers. As a result, the road ahead looks promising for FY26, with expectations of sustained growth and increased sales in the automotive sector.
EICHERMOTORS RECTANGLE BREAKOUT Eichermotors breaking a rectangle box on
weekly basis with volume spike
macd crossover this week,bullish rsi
#target 6000 after breaking 5450
#positionaltrading
NO BUY/SELL RECOMENDATION
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.
TataMotors | Bullish from here ⭕️ Swing Trading opportunity: Price Action Analysis Alert !!!⭕️
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EICHER MOTORS#EICHERMOT
Good chart structure. After yesterday's fall, stock is performing well in today's trade
Target 4965/5050
Stop loss 4815
Range + Cup & Handle Breakout In Eicher MotorRange + Cup & Handle Breakout = Lethal Combination
1.Got 6 Years Range + Cup & Handle Breakout on Dec 2023 Closing ( 4143.5 )
2. April 2024 Monthly Candle Closed At 4597.4, Above The Breakout Level Of Dec 2023
TRADE:
Buy 50% Here At Cmp - 4765 & Rest 50% If You Get Any Dip To 4150-4200
SL - 3880 ( Monthly Closing Basis )
Target = 6500++
Eicher Motors Bullish Upward-moving channelThe stock is currently trading within an upward-moving channel, consistently forming higher highs and higher lows on the daily chart. This presents a favorable opportunity for a swing trade.
EICHER MOTORS - Swing Trade - 27th February #stocksEICHER MOTORS (1D TF) - Swing Trade Analysis given on 27th Feb, 2024
Pattern: ASCENDING TRIANGLE BREAKOUT
- Resistance Breakout - Done ✓
- Volume buildup at Resistance - Done ✓
- Retest & Consolidation - In Progress
EICHERMOTNSE:EICHERMOT Add to your watchlist this stock trade in channel pattern so long as it's break the resistance we can get some move.
EICHER MOTORS Breakout🚀Hey Family, there is a one more stock Which is showing a great opportunity and formed a Symmetrical Triangle pattern, Stock break's resistance zone and retest the resistance zone, let's see breakout sustain or not. what is your view please comment it down. We are Certified. All views shared on this channel are my personal opinion and is shared for educational purpose and should not be considered advise of any nature.
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.
EICHER MOTORSEicher Motors on weekly charts looking good for such a big opportunity getting perfect support after breaking its major hurdle, good for swing as well as Long Term Investing
KEEP ON RADAR
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.
EicherMotor on Retracement Now. wait for PAEicher motors after made a higher high and Consolidated,
to kickout weak hands out, stocks came down for retracement.
Wait for the levels mentioned to see PriceAction and Enter into trade with StopLoss.
Good RR for Swing Trade.
Eicher Motor -09.11-2023If trigger line crosses over 64.45, may reach to 72.81, Cash price 35-45-
If trigger line crosses below 55.94, may reach to 45.94, option price 35--65
Eicher Motor- Intraday 03.11.2023If Trigger Line Crosses over 52.32, may reach 66.84, in cash 45-70 Rs.
If Trigger Line Crosses below 43.65, may reach 34.25, in cash 22-30 Rs.
There is a great opportunity to go long in EICHERMOT.I believe there is a fantastic opportunity to take a bullish stance on EICHERMOT.
Eicher Seems Bullish 🐂As seen in the chart, we can see that Eicher is consolidating from past 60 day between the price range of 3300-3400. Fastive season is coming, soo there are chances that it might go up📈. That my thoughts 💭. Share your opinion with me.
E I C H E REICHER MOT broke out of descending channel pattern on an hourly charts with decent volumes.
Could be bought with mentioned stoploss & target.
Eicher Motors 🚚 Swing TradeEicher Motors has experienced a downward trend over the past few days, but has recently shown signs of support with a strong bullish candle. As a professional trader, we can consider taking a swing trade by going long on the open of the next candle.
To mitigate potential losses, we will set a stop loss below the support zone with a reasonable buffer. This will help us exit the trade if the market moves against us.
In terms of our target, we will aim for the next resistance zone as marked on the chart. By doing so, we can potentially profit from the uptrend that we anticipate.
As with any trade, it's important to exercise caution and make informed decisions. We must always be prepared for unexpected market movements and adjust our strategy accordingly.
Thank you for considering this trade idea. If you found this analysis helpful, please like and follow me for more insights in the future.
EICHER MOTORS BUY SETUPRunning flat forming in this stock look for breakout of c wave, find a entry to get long.
EICHER MOTORS CAN GROWEICHERMOT broke through the resistance trendline on 15 MIN TF, formed three white soldiers. Looking for the further upside on it🚀
