🔴DISCLAIMER
***** It's just for an educational purpose and so you must also follow your own technical analysis before taking up the trade ******
Aggressive traders enter at the breakout and conservative traders may give entry after retracement (Retracement is optional, we cannot expect every stock to take a retest after the breakout, it may also continue to have...
🔴DISCLAIMER
***** It's just for an educational purpose and so you must also follow your own technical analysis before taking up the trade ******
Aggressive traders enter at the breakout and conservative traders may give entry after retracement (Retracement is optional, we cannot expect every stock to take a retest after the breakout, it may also continue to have...
🔴DISCLAIMER
***** It's just for an educational purpose and so you must also follow your own technical analysis before taking up the trade ******
Aggressive traders enter at the breakout and conservative traders may give entry after retracement (Retracement is optional, we cannot expect every stock to take a retest after the breakout, it may also continue to have...
∘ Eicher Motors Analysis
∘ Supply zone taking multiple times Resistance
∘ If zone break with high Volume go long Target marked in chart
Note : Always be extra cautious with breakout trade with confirmation .
- Daily Chart
- Consolidating in a range after a sharp up move
- Looks good for a continued rally after sustained breakout of the resistance level
- Swing Idea
- Weekly Chart
- Positional / Swing Idea
- Potential High Tight Flag setup
- Getting ready for Accelerated move
- On the verge of breakout from sideways action
- Monthly Chart
- Positional/ Investing Idea
- ATH Breakout + Massive Volumes + Good Fundamentals + Sectoral tailwinds
- We can see accelerated move in coming weeks
After Testing the Supply zone twice, Stock is consolidating near the resistance levels. This time, stock has approach the resistance zone with good volumes.
An hourly closing above 1220 would be a good Opportunity for Swing Trade.
CMP: 1192.70
T1: 1368
T2: 1635
T1 and T2 are decided based on Fibonnaci Levels.
P.S: This analysis for educational purpose...
NMDC has given great channel breakout and the volume has been good, also futures OI has been rising and Long Buildup is forming.
Trade with caution. Appropriate risk management and position sizing.
