Trendline retest on long term chart Trendline retest on long term chart, weekly timeframe
falling wedge BO in short term.
#eicher #eichermot
Eichermotors
BEARS RIDING DOWN EICHER MOTORS ???!!!Chart patterns does insist me to go with opinion stated above.
Reasons:
1. Eicher motors is travelling (and respecting) in different patterns .
2. June 2022 , Eicher motors broke out of major triangular pattern and rose to about 35% .
3. Monthly(November 22) candle - Bearish engulfing candle , Oct 2022- Hanging man candle confirming the Bearishness.
4. It is also travelling in a ascending channel pattern (as you can see it is currently in the down move inside the pattern).
5. Stock has given Breakdown(11 nov candle) with superb volume out of a trendline.
6. Head & Shoulders pattern in Daily time frame and given breakdown on 2 Dec with good volumes.
7. Target & SL levels mentioned in the chart...
I can show things separately and clearly in weekly daily monthly charts...but trading view allows only members who have reputation of 10 (or paid ones) to use that feature while publishing ideas.
Soon I will earn that 10 points .
Sorry if chart looks so congested....Feel free to ask if there is any confusion.
Let's wait and watch how it moves!!!!
Note - Just Sharing my view...not a tip nor advice...
EICHERMOTOR retest after breakout EICHERMOTOR retest after breakout we can ride it for more then 80% gain think to accumulate in your portfolio..
Echer motors monthly chart breackdownThe india one of the Auto stock eicher motors is the monthly chart breck-down, This is show the long term trend is the negative. If you are invested in the long term basic this is the very important
EICHERMOT✅ Price now come to Support Zone 2965-3031, and This zone also tested Multiple times.
✅ On 2965-3031 Level look for a strong Reversal for a proper Entry like Double Bottom on Hr.ly TF.
Eicher Motors Double BottomEicher motors has fallen from its high by about 20% and we may be looking at a double bottom reversal as it rests on the 200EMA.
According to option chain data, 3100 is a strong support.
According to Multi strike OI, calls graph is falling which shows a bullish Singal and puts graph is rising which shows an even more bullish signal.
Targets of T1 and T2 with stop loss below 3050,
safer traders can wait for the break of the trendline but it may mess up the entry price
Keep It Simple
EicherMotorsEichermotors has given a IC breakout on daily time frame and on hourly timeframe it has already given a breakout of falling trendline resistance. As long as latest swing low is protected, looks like a good setup to go long here
Eicher Motors expected to give short rallyThe share is at support level. A small relief rally can be seen.
Parallel support and resistance lines are shared.
Eichers Motors Getting ready For Long Ride Eichers Motors Weekly time Frame 50 ema Giving a Good Support
And Fib Levels is on 50%
RSI is also Not Week
Keep IN radar
Eicher Motors- Triple Bottom BreakoutEicher Motors has formed Triple Bottom Pattern on Daily Chart.
Volumes Increasing
EMA 20 & 200 ready to expand
Support- 3200
Resistance- 3500/3800
Buy Call above 3320, SL 3326, Target 3450IN 2 hour chart, Moving average 40 is below Moving average 20, and the price of the Eichermoto has crosses the golden cross with more volume.
So we can buy if the value reaches above 3320 with Target 3450 and SL 3326
Buy Call above 3320, SL 3326, Target 3450
IS EICHER MOTORS READY TO FLY TO NEW ALL TIME HIGH??Trade Wisely. We Can Just Predict.
Disclaimer: I am not a SEBI registered advisor , so before entering on my view please ask your SEBI Registered Advisor . Profit is your and loss is your.
EICHERMOT - Low Risk high & High Reward TradeEICHERMOT is currently trading on the daily and weekly demand zones.
On its weekly chart, EICHERMOT is getting support from the EMA 50, and on its daily chart, it is getting support from the 200 DMA.
On the daily chart, we can see the formation of a double bottom and RSI Bullish Divergence.
On the weekly chart, the "wave volume divergence indicator" shows that selling volume is also declining.
You can plan your entry and keep your stop loss below the swing low if you want to enter a trade aggressively to catch the bottom. This trade has a low risk and high potential reward, in my opinion.
Note: My analysis is solely for study purpose; I am not a SEBI registered.
If my analysis proves useful to you, please like it and follow me on TradingView for more analysis like this.
EICHERMOT Go LongEicherMotor has given a Bullish englufing level and price is expected to rise in upcoming trading sessions.
#EicherMotor, Short setup for 1.5-2.25% gains in F&OOn Weekly TF Eicher motor has made inverted hammer candle and I am looking to initiate short trade below 3325. If Eicher open flat on Monday then will initiate short trade below 3325, if open gap up then will wait for rejection around 3370 and then initiate trade this will give great risk reward. If open gap down then need to wait to take rejection around 3325 level which is friday's low. My final target will 3280 & 3240 and SL would be 3380 or 3330 depending on which scenario get's played out.
Let's see how market will react on Monday. Happy trading , enjoy :)
Eicher giving a break down.Eicher motors closed below the 20 ema kn the weekly time frame with high volumes.
On daily analysis the stock has also breaker down the support level of 3355.
The stock seems to be in a down trend and can trade to even lower levels.
3 point confirmation.
1. Closed below 20 ema ( weekly time frame).
2. Retest of 20 ema and going below the resistance level on daily time frame.
3. High volume break down .
Markets are in a bull run and before another up move can retest the lower levels.
Targets :- 3240, 3166
Stop loss:- 3355
Wait for the stock to start trading below the previous day low i.e. 3325 after a retest.
The stock can even touch the daily 200 moving average.
Intraday and swing trades can be initiated in the stock.
Wait for the price action near the levels before entering the trade.
Top stock idea for tomorrow1. Eicher motors
2. Gail india
Time frame daily chart
Simple price action format
Eicher consolidating in a range.Eicher motors on the daily time frame has been trading in a narrow range of 50-60 points which is unusual of this kind of stock.
The stock on the weekly time frame has tested its 20 ema and formed a hammer doji.
The stock has been falling for 2-3 weeks and can give some retracement before continuing another leg.
3 point confirmation.
1. Taking support from 20 ema.
2. Box consolidation on daily time frame.
3. Hammer candle on daily and weekly time frame.
The markets are in bullish move and the stock can give a good up move.
Let the stock cross and sustain above 3415 levels. A swing and intraday trades can be initiated once the levels are sustained.
Target :- 3500, 3555
Stop loss :- 3356, 200 ema(4-hour time frame).
Wait for a price action near the price levels before entering the trade.
CNXAUTO NIFTYAUTO Bullish I am extremely bullish on CNXAuto/NIFTYAUTO!
It is forming a flag pattern
Making higher highs with correcting RSI
Current consolidation might last few more months
Target 16000
Currently correcting on 4M timeframe
Top constituents by weightage
Mahindra & Mahindra Ltd. 20.36
Maruti Suzuki India Ltd. 19.97
Tata Motors Ltd. 11.67
Eicher Motors Ltd. 8.47
Bajaj Auto Ltd. 7.42
Hero MotoCorp Ltd. 5.48
Tube Investments of India Ltd. 4.51
TVS Motor Company Ltd. 4.21
Ashok Leyland Ltd. 3.48
Bharat Forge Ltd. 3.37
Above stocks will do very well as they have a higher presence in the index
Also check out Gabriel India
channel pattern reversal in EICHERMOT.EICHERMOT
Key highlights: 💡⚡
📊On 1D Time Frame Stock Showing Reversal of Channel Pattern Pattern .
📊 It can give movement upto the Reversal target of above 3990+.
📊 Can Go Short in this stock by placing stop loss below 3490- or last swing low.
Eicher Motors, Break of Trendline. BearishAs per Price Action , Eicher Motor is ready for its downward journey.One Can sell Eicher Motors once it Retest Trend Line and Shows Bearish Candlestick Pattern. Targets are mentioned
A swing trade opportunity in EicherMotEICHER MOTOR NSE:EICHERMOT is in a reversal trend and according to my conviction, this will hit 4150.00 level soon. One should take 3500.00 level as a stop loss.
Get Daily Short-term tips on my app, Daily Intraday Stocks
EWT - Is EICHERMOT Forming Wave (5) Of Its WaveCycle?Timeframe: Daily
NSE EICHER motors have accomplished the corrective wave (4) and started forming impulsive waves (5). The price is currently forming sub-waves of the impulsive waves (5).
Wave (2) was a sharp zigzag, so wave (4) formed the choppy structure triangle. Since wave (3) was an extensive wave, we cannot expect wave (5) to extend with a high probability.
Eicher motors have given a good breakout and broken out wave 2 of the triangle and impulsive wave (3). If the price sustains above 3790 , traders can trade for the following targets: 3948 -3992 - 4030+ .
I will update further information soon.
