EICHER MOTORS - INVERSE FLAG & POLEEICHER MOTOTRS- INVERSE FLAG & POLE potentially forming. Short only below mentioned level. Also, moving in a channel and can also take a support and move upwards. But as a market is bearish it can break down.
Eichermotors
EICHERMOTORS carrying BULLS alongEICHERMOTORS is one which recently returned from 3000 psychological levels. Now it is currently taking support of trendline and trying to move upside.
Lets see how it performs.
(for educational purpose only, do not invest without your own research)
Eicher MotorsCan buy for short-term as I see reversal in the daily charts.
CMP 2596
Stop Below 2440
Target 2700 / 2800 / 3000
EICHERMOT LONG• Channel since May 2020.
• Stock at Big time support.
• Has the support of 200-day Exponential Moving Average.
* Educational Purpose Only *
NSE:EICHERMOT
EICHER MOTOR POSSIBLE BOUNCE BACK FROM SUPPORTDaily timeframe support, Price action is given, Only invest after trend confirmation and other indicator confirmation and exit if support range is break
Eicher Motors : Fibo Retracements and support levelsEicher motor is again at support retracement levels of 50% Fibo.
2 Gaps have been created on the chart and the price is ready to fill the gap. The stock has been rewarding in long run and continues to be in the coming times.
All levels are mentioned on the chart.
DISC: For educational purposes only. Please consult your advisor before making any bet.
Eicher MotorsTrade according to your risk appetite!
Happy trading :)
Do drop a like and support for more ideas!
Eicher motor LongOn 24 Dec2020, Price broke the flag pattern at 2446 and reached the first target of 2616, now If we buy at price of 2777 then the target will be 3165 and need to keep the Stop Loss of 2393 based on 1:1 risk reward ratio.
N.B discuss your financial advisor before you take trade or invest
Eicher Motors : Rounding BottomRecent good sales numbers and the advance of 26% in Royal Enfield demand led the Eicher motor to recover from its 2400 Level to 2700.
Good Q3 results can lead it to further 2900 Levels on a positional basis for 2-3 weeks.
All levels with SL and Targets are marked on Chart.
DISCLAIMER: Please consult with your advisor before making any decision.
Buy Eicher MotorBuy Eicher Motor CMP 2518 Stoploss 2385 Target 2660
Study : Downtrend Channel Breakout
After a small correction it appears Eichermot might head higherAfter a small correction it appears stock might head higher towards 2600/2650/2700 as long as 2480 in not taken on the downside.
All trading strategies and ideas shared are to be used at your own risk.
EICHERMOT REVERSAL SWING TRADE [VOLUME PROFILE]SHORT EICHER MOTOR IN THE RANGE OF 2545-2550
SL - EXIT IF DAY'S CLOSE ABOVE 2609
Eicher Motors | Head & Shoulder patterns | 2 Hrs NSE:EICHERMOT
Swing Trading opportunity ! 2 Hrs Chart Alert !!!
--sell below =2502
--Target = 2401 | 2349.40
--Stop-loss = 2583
--Lot Size = 350
--R:R = 1.88
--Expected Profit = 50.000+ ₹ per lot ( 6% )
Technical Reasons to trade :- 🧢
1) head & Shoulder pattern formation in eicher motors
2) Neckline break with volume & retracement is also done
3) candle wicks on the upper side is very large ...more selling pressure
4) All the possible support & resistance is mentioned on the chart
Guys check out the related ideas as well, it will work really well GUARANTEED !
🙏FOLLOW for more !
👍LIKE if think is useful !
✍COMMENT Below your view !
Eicher Motor - EducationEducation only.
No Buy Sell suggestion.
Strong support 2500,2490,2480.
Possible for bounce from support.
On BD, it will move towards 2412.
Up T1 2580, 2610, 2640.
Eichermotor 1hr AnalysisEicher Motors is following very good price action and it is facing good rejections at 2600 levels making a proper Head and Shoulders pattern. If the neckline which acts as major support breaks a nice fall is expected with RRR of 1:2. Also, a breakout from the trend line is expected as it is continuously getting rejected from it and a breakout can give good targets with RRR being 1:2.
Breakdown Trade -
Sell-2500
SL-2530
TGT- 2425-2430
Breakout Trade-
Buy-2540
SL- 2500
TGT-2600
EICHER MOTORS ON 30 MIN TF.NSE:EICHERMOT
GOOD SUPPORT IS SEEN ON 30 MIN TF SUPPORT LEVEL OF 2525 TESTED 4th TIME AND
A PIN BAR CANDLE FORMATION WITH GOOD INCREASE IN VOLUME.
MUST ALSO SEE FOR THE RED SHORT TERM TREND LINE TO BE BREAK.
EICHER MOTORS CAN BE GOOD FOR SWING OR POSITIONAL TRADING.
NOTE - THIS IS JUST FOR EDUCATIONAL PURPOSE.
Eicher Motors | Uptrend Resumes with big bullish candle 🏍🚛Swing Trading opportunity ! Weekly Chart Alert !
Fundamental is good because company is planning to launch their new models
harley Davidson already announced that they are closing all ther stores and factories from INDIA
i.e no Competition
CMP =2560
Target = 2933
Stop-loss = 2160 or below
Lot Size = 350
1) EICHER MOTORS just break the down trendline and closed
2) Volume is more than sufficient
3) Uptrend Is continuing
4) All the possible support & resistance is mentioned on the chart
Guys check out the related ideas as well, it will work really well guaranteed !
FOLLOW for more !
LIKE if think is useful !
COMMENT Below your view !
EICHERMOTOR LONG...BO ABOVE 2390 WITH VOLUME MAY LEADS TO GOOD UPMOVE
UPTRENDING STOCK
ACCUMALATION ZONE IS BETWEEN 2154-1950(WHICH IS ALSO FIBBO RETRACEMENT LEVEL)
ABOVE ALL IMPORTANT MOVING AVERAGE
WEAK BELOW 1860
