Range + Cup & Handle Breakout In Eicher MotorRange + Cup & Handle Breakout = Lethal Combination
1.Got 6 Years Range + Cup & Handle Breakout on Dec 2023 Closing ( 4143.5 )
2. April 2024 Monthly Candle Closed At 4597.4, Above The Breakout Level Of Dec 2023
TRADE:
Buy 50% Here At Cmp - 4765 & Rest 50% If You Get Any Dip To 4150-4200
SL - 3880 ( Monthly Closing Basis )
Target = 6500++
Eichermotorslong
Eicher Motor -09.11-2023If trigger line crosses over 64.45, may reach to 72.81, Cash price 35-45-
If trigger line crosses below 55.94, may reach to 45.94, option price 35--65
Eicher Motor- Intraday 03.11.2023If Trigger Line Crosses over 52.32, may reach 66.84, in cash 45-70 Rs.
If Trigger Line Crosses below 43.65, may reach 34.25, in cash 22-30 Rs.
Eicher Motors : Big Players have entered the stock#Eichermotors
>> Positional Call (1-3 months)
>> Three White Soldiers pattern highlighted indicates big player has already entered the stock
>> Good strength & Volume Buildup in Stock
>> Swing traders can book profits at 5-10% fully or partially & keep trailling
Keep liking & sharing for more such analysis, leave a comment if u like analysis
@moneyfesttrading
EICHERMOT - Low Risk high & High Reward TradeEICHERMOT is currently trading on the daily and weekly demand zones.
On its weekly chart, EICHERMOT is getting support from the EMA 50, and on its daily chart, it is getting support from the 200 DMA.
On the daily chart, we can see the formation of a double bottom and RSI Bullish Divergence.
On the weekly chart, the "wave volume divergence indicator" shows that selling volume is also declining.
You can plan your entry and keep your stop loss below the swing low if you want to enter a trade aggressively to catch the bottom. This trade has a low risk and high potential reward, in my opinion.
Note: My analysis is solely for study purpose; I am not a SEBI registered.
If my analysis proves useful to you, please like it and follow me on TradingView for more analysis like this.
Eicher giving a break down.Eicher motors closed below the 20 ema kn the weekly time frame with high volumes.
On daily analysis the stock has also breaker down the support level of 3355.
The stock seems to be in a down trend and can trade to even lower levels.
3 point confirmation.
1. Closed below 20 ema ( weekly time frame).
2. Retest of 20 ema and going below the resistance level on daily time frame.
3. High volume break down .
Markets are in a bull run and before another up move can retest the lower levels.
Targets :- 3240, 3166
Stop loss:- 3355
Wait for the stock to start trading below the previous day low i.e. 3325 after a retest.
The stock can even touch the daily 200 moving average.
Intraday and swing trades can be initiated in the stock.
Wait for the price action near the levels before entering the trade.
Eicher motors view for next week 25/04/22.Eicher motors has taken resistance from a trend line.
On a 4 hour time frame, the 20 and 200 ema has converged and a bullish candle a weekly time frame shows some bullish trend.
Support:- 2570, 2455
Resistance:- 2720, 2760
Wait for the trend line break out and 4 hour moving averages cross over.
Swing and intraday trades can be initiated on this setup.
Wait for the price action near the levels for confirmation.
Eicher is trading in a range.Eicher has perfectly respected it 200 ema and a resistance level of 2570,
The stock is trading between its 20 and 200 ema on a daily time frame.
The stock has tested its level several time and if a candle close above the level of 2570 on a hourly time frame it can move further up.
Support :- 2450, 2350
Resistance :- 2570, 2650
If the stock will break the level of resistance and moving average at the same time, the trade will be double confirmed.
Wait for the price action near the levels for confirmation.
🔥EICHERMOT ARMY🔥 Get Ready for Boom!!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
EICHER MOTORS: Impulsive moveStock 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
Target:- 3256
Stop Loss:- 2813
Duration:- 8 to 10 Weeks
The stock has already break the resistance line and test that resistance point again and used that as a support, showing a bullish candle, which is an indication of upside move. So we can buy this at market order. Use proper stop loss and maintain discipline throughout the trading period and use trailing stop below all the wave step by step.
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).
If you have any queries or concerns, don't hesitate to ask me using below comment box or DM me.
EICHER MOTORS
Target:- 3315
Stoploss:- 2680
Stock has already break the resistance line on the upside and completed symmetrical triangle pattern, now showing a bullish candle. This is clear indication of good upseide breakout. So we can ride on that bull run.
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
