Eicher - CMP 4020 Fibs- the full retracement to 61.8% is indicating that the trend is strong but is loosing momentum. Hence the rally has to be taken with a pinch of salt. Fib ext is giving me two tgts one at 4500 and the other at 5400. In my view along with trendline resistance at 5400 is a likely zone of strong resistance and one should book profits there.
EICHERMOT (1W TF) Swing Trade Analysis given on 3rd December, 2023 (Sunday) Pattern: ASCENDING TRIANGLE - Volume Spike Buildup Near Resistance - Done ✓ - Neckline Breakout - In Progress - Retracement + Consolidation - In Progress #stocks #swingtrade #chartanalysis #priceaction #traderyte #eichermot
The following positive observed :- 1. MACD reversal on weekly chart. 2. RSI bullish at 59. 3. Weekly bullish candel after a long time. 4. Auto sector in bullish trend. 5. Small hurdel at 4150, once this crossed, 4500 levels will come soon in Apr series. So, keeping in view of above mentioned factors, one can buy 4000 CE of Apr series or 4100 or 4200 for Apr series.
Superb Setup📊 EICHERMOT + Double Bottom pattern + Gap sustained + Building up at neck line + Above Key EMAs
I am giving you a common way of action for all the Indian Stocks. Trade with the flow but do not take delivery of any stock before Thursday i.e. 21St March 2024. Maintain a strict SL 3626.65. Disclaimer: I am not a Registered Analyst with any of the SEBI and it is only for educational purposes. Please consult your financial advisor before making any decision....
Reason for Long 1. Breakout in weekly chart with volume 2. Price retraced to Fib 30% after breakout Target1 = 4200 Target2 = 4400
Here the price analysis is done and entry target and sl are given at the chart
The stock has taken a nice support from the weekly 20 EMA and has closed around the previous candle close. There is a resistance zone around 3950-3985. If this resistance is clear and price sustain above the level. There will be chance of stock touch its recent high around 4160 level. In case there is a pullback and price action near the support zone...
Eicher is in downtread, showing weakness. Sell at 3920 for target of 3600. SL is 3965. Not a SEBI registered. do your own analysis.
EICHER MOTORS (1D TF) - Swing Trade Analysis given on 27th Feb, 2024 Pattern: ASCENDING TRIANGLE BREAKOUT - Resistance Breakout - Done ✓ - Volume buildup at Resistance - Done ✓ - Retest & Consolidation - In Progress
Please read the notes on the chart and act accordingly. Disclaimer: I am not a SEBI Registered Analyst and it is only for educational purposes. Let you grow. May! I follow you.
Eicher Motors on weekly charts looking good for such a big opportunity getting perfect support after breaking its major hurdle, good for swing as well as Long Term Investing KEEP ON RADAR
Cup & Handle pattern in hourly time frame. Breaokout - 3930 SL - 3800 Target 4150/ 4300
NSE:EICHERMOT Add to your watchlist this stock trade in channel pattern so long as it's break the resistance we can get some move.
The Descending Broadening Wedge is the opposite of the Ascending Broadening Wedge. It is generally formed during a downtrend. Divergent to the Falling Wedge, where the price action contracts as the pattern mature, the Descending Broadening Wedge widens as the two trend lines that have formed diverge from one another. The descending broadening wedge is measured to...
As per weekly chart in the stock, trend revershal seen from previous resitence, so one can look fot call option of Feb or Mar expiry of 3900 and 4000 strike price, the stock is heading towards 4200 and 4500 levels in the coming days.
EICHERMOT, as of now, exhibits a promising trend with its stock trading within a rising channel pattern. Targeting the first milestone near the all-time high resistance of 4200. If the stock maintains its position above this resistance level, there is a possibility of witnessing a more substantial rally in the future. Investors may find this development intriguing...
Eicher motors after made a higher high and Consolidated, to kickout weak hands out, stocks came down for retracement. Wait for the levels mentioned to see PriceAction and Enter into trade with StopLoss. Good RR for Swing Trade.