As 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.
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.
On 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.
NSE:EICHERMOT
Observations:
1) On 1 week time frame, it has come above the resistance channel and closed above it.
Please refer below chart : 1 week time frame.
Now make or break range is 2780-2800 range.
Sustainable breakout of this range will give good up move an if it fail to do it then it can come down to retest again this resistance channel.
So...
NSE:BAJAJ_AUTO
#NSE:BAJAJ_AUTO resistance BO for postional
levels marked on chart for only practice.
Other stocks give for our friends results posted check.
Happy LEarning !!
Eicher motors has taken resistance from a trend line.
On a 4 hour time frame, the 20 and 200 ema has converged and a bullish candle a weekly time frame shows some bullish trend.
Support:- 2570, 2455
Resistance:- 2720, 2760
Wait for the trend line break out and 4 hour moving averages cross over.
Swing and intraday trades can be initiated on this setup.
Wait...
Swing trade, Breakout stock, Banknifty Intraday Outlook also posted here.
Disclaimer - Trades are only for Learning.
StopLoss is only in our hand. So, Always use it. StopLoss hit exit. Again you will got fresh trade.
Eicher has perfectly respected it 200 ema and a resistance level of 2570,
The stock is trading between its 20 and 200 ema on a daily time frame.
The stock has tested its level several time and if a candle close above the level of 2570 on a hourly time frame it can move further up.
Support :- 2450, 2350
Resistance :- 2570, 2650
If the stock will break the level...
19/4 educational purpose only
Eicher Motors
cmp 2483.95
can sell at cmp or on rise at around 2525/2530 (20ma/hourly is at 2534.35)
sl above 2550 (50ma/hourly is at 2550)
targets around 2400 & 2250 (200ma/hourly is at 2416.05)
(the charts look weak but the support zone between 2401.60 & 2407.85 looks strong. We may see 2250 levels once the support zone is...
![EICHERMOT: Simple Trade Setup | EICHER MOTOR | 30-05-2022 [INTRADAY]](https://s3.tradingview.com/l/LnX9YL9f_mid.png "Simple Trade Setup | EICHER MOTOR | 30-05-2022 [INTRADAY]")
