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).
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Eichermotors
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.
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Happy Trading!
InvestPro India Team
EICHER MOTORS SHORT COVERINGEicher motors kafi dino se trendline ke support se upar ja raha tha sur daily time frame par ek triangle form kar raha tha,, bahot probebility thi ki hame ek up side breakout milta sur mila bhi lekin!!! ekaek sellof aaya aur break out fakeout me badal gaya fir hamne niche ki aur breakdown diya aur hamne trend line ko regain kiya ,na sirf regain kiya balki trend line ke pas hame bar bar bullish candles mil rahi hai....
agar aap chahe to long tread initiate kare kyoki risk reward bhi yaha par 4R ka hai.
y ekoi recommandation nahi hai apne jokhim par tread kare!!!
Eicher Motar good to goEicher motor is ready for shorting if it closes below the marked price level
1) Latest close is below 200MA
2) Huge volume Expansion on latest Candle
3) Bearish candle at time of crossing 200MA
4) several months of support line breakdown if trade executed
You can enter with 50% of your capital if closes below on daily timeframe and add up rest when it retest the trendline
EICHER MOTORSNote:
1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR.
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Keep an eye ladies and gentlemen. Cheers and Happy Trading
Long opportunity in EICHERMOTORSAs they say history repeats itself in the markets too, earlier EICHERMOTORS has broke out forming ascending chart pattern with support zone being the long time demand zone, looks like it is forming a similar ascending triangle pattern again, Look for buy opportunities in case of breakout