EICHER MOTORS LTD.

BSE

EICHERMOT

Eicher motor may come down to create flag for continuation, If this happens more down side on long term can be seen

Stock has corrected from its highs. Resting at the support level. Has been picked up thrice from here. RSI already oversold and in the past eichermot has not maintained the oversold zone for long time. Todays candle has formed a doji and looks like a possible pullback on cards. Buy at 26500 for a positional target of 28200 Stoploss shall be maintained at 25500 on...

Looks like a triangle is formed which should result in continuation of the uptrend upon its completion. A decisive close above the triangle (near the apex) should confirm the continuation in uptrend. Should wait till that happens.

There were two possible trades, Daily chart and hourly chart are showing two different game plans, yes Daily close is above the trendline but hourly close is below the trend line with a possible divergence. Eicher motor have taken support on trendline (on daily chart) and also Recent Low will act as support. If the previous low of 27021 taken down then can have a...