Higher Highs Higher Lows - EICHERMOT📊 Script: EICHERMOT
📊 Sector: Automobile
📊 Industry: Automobiles - Motorcycles / Mopeds
Key highlights: 💡⚡
📈 Script is trading in Upward moving channel and forming Higher Highs Higher Lows on daily chart.
📈 One can go for Swing Trade.
⏱️ C.M.P 📑💰- 4941
🟢 Target 🎯🏆 - 5073
⚠️ Stoploss ☠️🚫 - 4808
⚠️ Important: Always maintain your Risk & Reward Ratio.
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Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
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Higerhighs
Bharti airtel | Line Chart analysis | stock in discount RSI made higher high (HH) that means trend reversal signal
Line charts made lower Low (LL) Thats means its a rsi divergence
Tight trendline also broke
Bullish engulfing pattern in candle charts also
All these happened at major support level
TARGET = 478
LOT SIZE = 1851
6 types of price action & technical analysis confirmation before this trade
FOLLOW FOLLOW FOLLOW
Mahendra and Mahendra Finance LongHi Traders,
As expected in previous idea ( "Mahendra and Mahendra Finance" ), Stock is preparing to go up. Once it break resistance line (138.50), there is a possibility of temporary retracement to suggested resistance line (138.50). If so, you can open new orders based on price action.
Stock Analysis
* Stock is in a range and developing higher high and lower low pattern between this range with support of trend line .
* It is trying to close above resistance line (138.50).
* Once it break resistance line (138.50), uptrend will be started.
Buy Level
131.80(Given in previous idea)
Target Level
TP1= 148.70
TP2= 153.10
TP3= 160.20
TP4= 171.70
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