#Eichermotors
>> Positional Call (1-3 months)
>> Three White Soldiers pattern highlighted indicates big player has already entered the stock
>> Good strength & Volume Buildup in Stock
>> Swing traders can book profits at 5-10% fully or partially & keep trailling
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@moneyfesttrading
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...
The 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
✅ 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 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...
Eichermotors 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
IN 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
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 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...
On 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...
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...
