Trade setup for Eicher Motors-good opportunity to buy?Hello traders,
take a look at this chart.
details and analysis everything mentioned in the chart.
given in related Idea is a super successful trade similar to this.
Thanks,
Aniket.
Eichermotors
EICHERMOT Bullish mode
EICHERMOT is in a bullish mood but there will be a gestation period for sometimes ... Please wait and follow the setup...
Script Action Entry SL Tgt 1 Tgt 2
EICHERMOT Buy 2,270.68 2,217.78 2,323.58 2,376.48
eichermotors at supporteichermotors is at a good support. we can go long with good risk reward and limited stoploss.
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 Motor October Break OutEicher Motors can touch 2600 in coming weeks. Closing above 2200 will take it towards 2600++.
Refer chart for further details.
Please do not invest blindly. This is my personal view. I may be wrong. Before investing, please take advise from your advisor.
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
EICHERMOTORSIm not an expert im just sharing my views on EICHERMOTORS for tomorrow
Im not responsible for any profit or loss this is not a recommendation
Eicher Motors - ShortNote: This is for educational purpose only.
There is a channel bearish breakout with high volume. Moreover, RSI below 50 indicates loss of momentum.
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 !!!
Eicher Motor Broken Two Years Trend line !!!Looks like Eicher motors has broken TWO YEARS trend line drawn from April'18.
Can go LONG in it, if it crosses 20310.
EICHER MOTORS DARK CLOUDEicher motors just crossed resistance and had a small rally now formed dark cloud, it will fall now.
EichermotYOU CAN ADD EICHERMOTOR IN YOUR BUY WATCHLIST.
Entry Price: 18501
Stop loss:18436
Target:19280
Eicher Motors Tech. Analysis Stock is on channel. Stock split news came up two days ago, and ADL also showing buying pressure.
EICHER MOTORS LOOKING BULLISH AFTER RETRACEMENTEICHER MOTORS
its looking bullish after some
Retracement around 16400-16000
Upside View @ 17250--18100
The last 3 candles are formed with good volumes and today’s Eicher Motors has been into a consolidation zone forming a triangle. The last 3 candles are formed with good volumes and today’s session managed a close above the MA. RSI is sloping up after bouncing from 40 levels. A strong breakout from the horizontal level will be positive confirming accumulation.
Eicher Motors - Head and Shoulder PatternThough this seems to be perfect head and shoulder pattern, However this will be marked as invalid because target would come as zero.
And there are no issues with company financials, What we can do is just avoid investments in this counter until it closes above 17000.
Not recommending to short
EICHER MOTORS - Accumulation ZoneEicher Motors had huge price expansion run from 4k to 33.5k
current fall is too hard for investors and at 12k it still doesnt makes a stop
fibonnaci levels suggest a possible stop at 10500-10600 levels completing 78% retracement
and to add some cushion one can considers price correction till 9700 levels
NOTE: One should consult their financial advisor before making any decision to buy or sell equities
