Eichermotors
Eicher Motors - Looking for strong reversalEicher Motors have seen strong fall in last 1 month where it fell from 29500 to sub 23000 levels and now down around 30% from its all time high,
On daily charts Eicher Motors looks deeply oversold, RSI is below 30 and Money Flow Index which is another very strong indicator is now at sub 11 which is indicating that a strong reversal is very much likely.
Another strong support is 200 Week moving average which is currently at 23200, since 2010 Eicher never traded below 200 WMA, so this is also a very good support level.
So conclusion is that Eicher Motor is providing very good entry point for Short term to Medium term long traders and for long term traders as well.
we can see good 20-30% reversal in short term.
Eicher motors short term viewBreakout done. Daily MACD cut and weekly MACD Crossover may help to reach the targets. Refer chart for other details
Vijayaraghavan.K,
Kovilpatti
Eicher Motor Flag Pattern Or Fake pattern ? LONG Position...EICHERMOT make flag pattern keep watch
Pattern does not consider in many stocks keep watch trade safe...
if beak up then enter trade
SL use for 2% Rule
Eicher Motors - Bullish trade set up Double bottoms have formed and the trajectory looks like its going to be breaking its neckline to head into new highs, Expected target 31500-32000 levels. This coupled with good results show that this is quite achievable. Buy 2 lots in futures and stop loss as indicated in the charts
Eicher Chart study...Guys EICHERMOT buy opportunity waiting for a break resistance zone
stay tuned for further updates...
Disclaimer:
The information contained in this presentation is solely for educational purposes. Does do not constitute investment advice. I may or I may not take the trade.
The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable for your own financial situation.
I am not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
Hope this idea will inspire some of you! Don't forget to hit the like/follow button if you feel like this post deserves it
Eicher buy Opportunity...Guys EICHERMOT ready to move up keep watch and take profit
Disclaimer:
The information contained in this presentation is solely for educational purposes. Does do not constitute investment advice. I may or I may not take the trade.
The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable for your own financial situation.
I am not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
Hope this idea will inspire some of you! Don't forget to hit the like/follow button if you feel like this post deserves it
hammer patternCMP: 28590.45
Hammer formed in Downtrend
Next Candle close above Hammer Candle
Target: 29500
SS: 28257
NSE:EICHERMOT
EICHERMOTORS BuyThis one has clearly and cleanly broken out of the Bollinger bands.
More importantly it has also broken out of the downward channel decisively.
Great risk reward on the long side. Target 30700 SL below 28000
Swing Trade - Buy Eicher MotorsBuy Eicher motors for the target of 30000. Maintain strict SL of 26000 (or break of the red line).
