Top stock idea for tomorrow1. Eicher motors
2. Gail india
Time frame daily chart
Simple price action format
Eichermotors
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.
GRANULES TL BO !!NSE:GRANULES
#NSE:GRANULES trading @ 1 year old TL and with the volumes showing may expect BO,
May show good momentum if sustain above the TL.
EICHER MOTORS ready to go to 5000!!! Great base formation.Look at the great inverted H&S. It's time to add Eicher motors in your portfolio and sit tight!! NSE:EICHERMOT
BASIC CUP& HANDLE PATTERN_EICHER MOTORSHi,
I have shared Eicher motors weekly TF chart. here, we have found the clear CUP & HANDLE pattern...
pattern is shared only for educational purpose.
EICHERMOTEicher motor is near to all-time high, which will attract you to keep eye on for long-term investment or swing trading if we get a strong break out like M&M.
Eicher Motors Swing Trade Strong Price breakout including RSI trend line breakout on weekly charts
Buy above/at - 3035-3040-3050
Stop loss - 2930-2925
Target - 3300
Disclaimer :- Please follow strict stop loss and only take quantity so as to loose only 1-2% of your total trading capital
#eichermotorrs #swingtrading #weeklytrade
Eicher Motors: Towards New 52W HighEicher Motors: Weekly Chart
1. On the verge of B/O. New 52W high in view. Buy dips.
Eicher motor 3050 to buyBuy eicher motor above 3050, and hold for long term target 3600, short term 3100,
You may keep your eyes on this auto stock.
Nifty, Banknifty and top stocks analysis for tomorrow + levelsNifty closed above 16,200 thanks to RIL while Banknifty outperformed. What are your views?
TATAMOTORS Ascending triangle !!NSE:TATAMOTORS
#NSE:TATAMOTORS formed beautiful ascending triangle, chances for small pull back and bounce.
Short to medium term.
Happy LEarning !!
EICHERMOT Ascending triangle !!NSE:EICHERMOT
#EICHERMOT formed beautiful Ascending triangle !!
Happy LEarning.
EICHERMOTORSAs we can see Eichermotors is near yearly supply, so we can take small risk and short for decent rewards. Short near 2950-3000, sl of 3000. Target could be 2800-2600, if everything goes good.
EICHER MOTORS - 6th July 2022Stock hitting Resisitance Zone 3000-2800.
Bears will try to dominate from here in pushing prices lower.
ASHOKLEY TL BO !!NSE:ASHOKLEY
#ASHOKLEY TL BO, marked the chart with TL and Support, good above 146, chances for a pullback,
Post confirmation of sustainability chances to give good momentum.
All you need to know about Auto sector | Price action analysis I daily make educational content videos on finanical markets
Big Big HnSOn weekly timeframe a Head and shoulder formation is taking its shape, formation completes above 2990, one its closes and holds above 3000, long position can be initiated for at least target of 4800 in next one year.
