Eichermotors
EICHERMOTOR- Falling ChannelWhy this Trade..??
1. FALLING CHANNEL
Buy or Sell based on the Support Break with Volume
Disclaimer:This view is purely for educational purpose and it's my personal.Please consult your financial advisor before attempting any trade.We're not responsible for any loss or profits.
Buy_Eicher MotorsReasons for buying Eicher motors
1. Support from 400 days EMA
2. Oversold RSI
3. RSI Positive Divergence
4. MACD is about to crossover
5. Sales figures for the month are very good
6. Result is on 2nd Nov. Results are going to be good
7. Festive season pent-up demand
8. Very good Risk to Reward ratio
Buy Eicher Motors at CMP for the target of 20% on the up side with the Stop Loss of 2450.
NSE:EICHERMOT Muhurat Trade 6 % Bonus to all my followers !!!NSE:EICHERMOT
As promised to all of you, Already given surprise and this is my Diwali Bonus to all my friends !!
Once again Have a Happy and Safe DIWALI to you and your family members !!!!
If you like the analysis share your happiness with your like and send your profit screenshots.
NSE:ASHOKLEY Consolidation BONSE:ASHOKLEY
#ASHOKLEY Consolidating @ Resistance and trying to BO the level, Post BO may result good positive momentum.
Post sustainability above the level may try 145 CE
If swing changes start falling down side may try 140 PE.
Check out todays charts and results to practice the levels.
Happy Trading !!
🏍🚚 Eicher Motors Heading Towards Support NSE:EICHERMOT
As one can see on chart, Eicher motors share heading towards harmonic support ones it enters in harmonic PRZ then wait for perfect reversal then only go for swing long as per your trade setup.
******whatever charts or levels sharing here are just for educational purpose only, not a recommendation. Please do your own analysis before taking any trade on them. We are not SEBI registered.
Eicher motors Short-term Buy AUTO & Pharma SECTOR are looking strong.
My best pick on Auto Stock is @Eicher Motor @2772
One can Take long Position in this Above @2780 SL 2750 Target 2855++2878++2930++3000.
Reason::: Daily Strong Support level@2750 :::RSI Near 30-35 Level:Also taken a support from 200MA on Hourly Timeframe::
This Trade Has Low Risk and high Return Possibility
This call is just for study Purpose. Do invest at your own Risk ..
STAY SAFE : Stay WEALTHY:::
EICHER MOTORS
Target:- 3256
Stop Loss:- 2813
Duration:- 8 to 10 Weeks
The stock has already break the resistance line and test that resistance point again and used that as a support, showing a bullish candle, which is an indication of upside move. So we can buy this at market order. Use proper stop loss and maintain discipline throughout the trading period and use trailing stop below all the wave step by step.
NSE Eicher motors price will drive upward moreIntraday traders and short-term investors can buy nearby sub-wave 4 of wave (3). NSE Eicher motors are making waves ((5)). We may see the following targets soon: 3005 - 3146 - 3223 - 3292
Invalidation: Wave 4 can never Exceed the starting point of wave 1.
Sub-wave 4 can't touch sub-wave 1 of wave (3).
If you have any queries or concerns, don't hesitate to ask me using below comment box or DM me.
EICHER MOTORS LOOKING GOOD BUYEicher Motos is near its previous high and about to give breakout from the pattern, Once can go long if it sustains above the upper yellow line on 15 mins time-frame for marked targets on the chart.
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team