Will Godrejind enter into 10 year trend channel?This is an analysis for the near term(1-2 Quarters) Do you think it may enter back into the trend, is there some fundamental changes to the company?
Do comment below, in my opinion it is quite possible, its a lower risk to invest as the price is quite low(using "The intelligent investor" logic), my view in the short term is mildly bearish neutral considering the market conditions but after maybe an excellent buy?
Note: I'm out of crypto because our government is planning to ban it for the second time :/ (honestly quite a stupid move on their part)
Nearterm
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