As we see ASCENDING TRIANGLE break in the EICHER MOTORS. we can go long by keeping our stoploss below 200ema.
NSE:EICHERMOT Eicher Motors Limited, incorporated in 1982, is the listed company of the Eicher Group in India and a leading player in the Indian automobile industry and the global leader in middleweight motorcycles. Eicher has a joint venture with Sweden’s AB Volvo to create Volvo Eicher Commercial Vehicles Limited (VECV). VECV is engaged in truck and bus...
EICHERMOTORS - Good for accumulation. Will rally once 2500 crosses decisively
ADD EICHERMOT IN PORTFOLIO AT 2080-2090 WITH SL 2000 TARGET 2650-2700 Note : Trading in any financial market is very risky. I post ideas for educational purpose only. It is not financial advice. Do not hold us responsible for any potential loss you may incur. Please consult your financial adviser before trading.
Eicher motor is good to go for long . Entry target Sl as given in chart
It is completing its Wave B in triangle form. It can move upto 4300-5400 levels. This is weekly analysis so it may take time. Be patient and hold tight!! #DYOR #NFA
There is breakout in Eicher Motor with RSI breaching above 60 and MACD crossover could see the levels of 2660 and 2670 soon. Long Eicher near 2625-2630 with sl 2600
The analysis is done on 15 minutes TF hence price may achieve targets in a day or take a few days. Trade setup is explained in image itself. The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade Checkout my other ideas to understand how one can earn from stock markets with...
NSE:EICHERMOT Choose your chart for intraday charts analysis and chart based on price action stretegy.
Eicher motors has been in a sideways zone since Mar 21 .. I am assuming the correction phase is about to end and another upward trajectory is about to begin.
As we can see BEAR FLAG formation on 15MIN FRAME .we can enter either side after breaking consolidation .Targets are mentioned in the chart itself.
Stock is rising in an impulsive manner and currently is in 4th wave. One should buy the stock with SL of 2560 & look for the target of 3000-3050.
Eicher Motors has form Ascending Triangle Pattern, Once it break 3000 level, it might give big rally for long term.
Eicher is coming with few more 2 wheeler products that can help to add more topline and stronger growth.
EICHER MOTORS stock analysis for swing trade NOTE We are not SEBI registered Analysis is shared here is only for educational purpose. Please consult your financial advisor before any trade. We are not responsible for your loss.
Daily chart of Eicher motors shows double resistance breakout plus double bottom formation Auto Sector shows breakout too Overall market seems strong till 17620 levels atleast Can enter @2570 after a healthy retest with target around 2743 Main strict SL @2546 closing basis as there is chip shortage going on in auto sector. FOLLOW FOR MORE IDEA LIKE AND COMMENT...
NSE:EICHERMOT Observations: 1) On 1 day time frame, it is below 200DMA and it gave good up move from 50DMA. 200DMA is immediate resistance and 50DMA is immediate support. 500DMA @ 2542.36 and 200DMA @ 2620.84 Please refer below chart : 1 day Time Frame. 2) Also On 1 day time frame, we can see formed perfect double bottom pattern and we can also see now...
I hope you can now see how EICHERMOT represents an excellent low risk profit entry setup allowing you to trade in the market.Take positions so that the risk/reward is in your favor. Knowing why, where & when a strong reversal signal is being generated will be the only way to capitalize on your technical analysis . Disclaimer: It should not be assumed that...