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.
Eichermotors
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 !
Take a Chance to taste new high Script @ high resistance level of the year
Stochastic Shows Oversold
Above 200 ma says it’s been bullish trend
IS IT THEN NOW ON VERGE OF BREAKING RESISTANCE AND GO FOR NEW HIGH
I would enter @ 2350 with 50-60 pts stop to enjoy new high if comes
And reverse the trade if opposite happens for 2200 as target.
disclaimer do your own study before entering.
Will EICHER MOTOR BULLET high?Eicher Motor has formed Flag and Pole pattern. Stock is trading today with higher volume. Stock giving close above 2220 on 1 HR candle willl confirm Breakout and will try to move to 2400.
stock has support around 2175 levels.
PS: Chart and view is only for purpose of learning, Please consult financial advisor before any investment
Eicher motors: Good stock for buying but needs confirmationsEicher motors has come up a long way from recent bottoms. It is still a strong candidate but needs confirmations.
Scenario 1:
It can retest its support bed (although week) range 2012-2065. If we see strong rejections from bulls then we can enter the positional trade.
In this case the trade should be placed as follows:-
Entry: 2050-2100
Target: 2400 - 2900- 3168
SL: 1990
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Scenario 2:
If it breaches its current monthly resistance placed at 2201 strongly with larger candles going beyond 2250, then the trades should be placed as follows:-
Entry: 2273
Target: 2400 (we need to again check for further target confirmation going towards 2900- 3168)
SL: 2200
Keep following for the confirmations
EICHER MOTORS Pure support and resistance based AnalysisHi guys this is Trader Kanishk
In this video i have analysed EICHER MOTORS
Points discussed in the video:
Why to go long
has it taken support
trendline breakout
new support levels
new targets
new stoploss levels
entry levels for sharp entry
and many more.
Please
Watch the entire video
GO for It
DISCLAIMER
Every thing i have discussed in this video is only for educational purpose, do not consider this as a tip, or i am not saying you to buy or sell the stocks. This is all upto you. I am only sharing my analysis and views up to you. Trading is risky, so manage your risk reward before getting enter into any position.
One more very important thing
Guys let me tell you that i am a trader and a trader have a winning probability of 50-65% no any trader is there who have a winning ratio of 100% . Who says you that i am having a 100% winning strategy then F**k these type of people and try to be correct only 50 - 60 % of time which will give you a lot of money if you properly follow the risk reward ratio .
EICHER MOTOR SHORT TERM VIEW This is my first view on Eicher motor. After learning from the last 1 year.
In Eicher motor one can go for short for 1 to 2 weeks.
It shows the divergence on the daily candlestick pattern.
target 1:- 18500-18400
target 2:- 17500-17300
target 3:- 16500-16300
correct me if I am wrong.
Any suggestion most welcome
thank you !!!