Looking good for higher targets!If manages to hold on to the Parallel lines support on closing basis, expect a new ATH very soon. 790 is the only hurdle in between.
EICHERMOT trade ideas
All set for huge returns!There's no stopping at all. As long as 3150-3275 holds on WCB, enjoy the rally and wait for 4000+ soon! :-)
Eichermotor swing trade fib levels (learning purpose)* For best results, always let the hourly candle close above the entry point.
* 2 rupees minus the 3rd target is safe to book profit as the 3rd target would always face selling pressure.
* If the price makes it to a comfortable hourly close above third target, we can aim for the 4th target as well.
* We may also trail our stoploss while the price moves forward to secure our capital and profits.
EICHER MOTORS WEEKLYEicher motors giving strong moves on weekly chart breaking downtrend line and giving breakout on Bollinger band too
Cause of long
1- Breakout on downtrend line
2- Breakout on Bollinger bands too
Eicher motors head and shoulder pattern on monthly time frameEicher motors head and shoulder pattern on monthly time frame
EICHERMOTEicher motor is near to all-time high, which will attract you to keep eye on for long-term investment or swing trading if we get a strong break out like M&M.
Eicher Motors Swing Trade Strong Price breakout including RSI trend line breakout on weekly charts
Buy above/at - 3035-3040-3050
Stop loss - 2930-2925
Target - 3300
Disclaimer :- Please follow strict stop loss and only take quantity so as to loose only 1-2% of your total trading capital
#eichermotorrs #swingtrading #weeklytrade
Eicher motor poised for fresh ATHBUY EICHER MOTOR 3020 FOR 3150/3280 and 3500. Invalid below 2910 on two days closing basis. WHole auto sector is bullish
#Eicher Motorsplease refer to the chart.
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If you want me to investigate any chart for you then would cherish doing that for you.
Thank you for your time and support.
Stay safe.
A Leading Diagonal in Eicher Motors. Near an interesting pointNSE:EICHERMOT
- Eicher Motors chart is forming a Leading Diagonal Elliot wave structure. A Leading Diagonal is a transitional structure (correction to impulse) forming as part of the first wave of a larger impulse degree.
- The first wave leading diagonals form as a 5-3-5-3-5 overlapping structure as shown on the chart.
- There is no doubt this counter is bullish in the next coming months but it has now reached into the 5th wave of its 1st impulse structure. Contextually we should see a strong correction for targets as marked on the charts with ABC pathway of correction.
- The ideal levels of shorting can be at 2900 and above . Note that there can be an overthrow beyond the trendline connecting impulse 1 and 3 due to a fake-out. The daily RSI already shows divergence.
It will form a beautiful RISK:REWARD for shorting from the price mentioned. Advice to take trade based on your own risk management rules. Let me know your thoughts in the comment section.
Eicher Motors: Towards New 52W HighEicher Motors: Weekly Chart
1. On the verge of B/O. New 52W high in view. Buy dips.
Eicher Motor Long Eicher Motor Given a Strong Trendline Breakout With Retest and Also Engulfing the Previous Day Candle...
LTP ::3080 Buy Near 3080-3090 SL 2900 Target 3400-3500
Duration Around 1 Months
Auto Sector Looking Strong ..
Just a Study Related Call ..
Do take your Own Decision before taking any trades.....
Eicher motor 3050 to buyBuy eicher motor above 3050, and hold for long term target 3600, short term 3100,
You may keep your eyes on this auto stock.
Eicher motorsE motors trying to break weakly resistance level expect good moment after break.do follow more updates
5 Years Multiyear Breakout in EICHERMOT5 Years #Multiyear #Breakout in #EICHERMOT (Eicher Motors Ltd). #EICHERMOT is #Outperformed #Nifty in current scenario.
BSE: 505200 / NSE : EICHERMOT
What Is a Double Bottom?
A #doublebottom #pattern is a #technical #analysis #charting pattern that describes a change in trend and a momentum reversal from prior leading price action. It describes the drop of a stock or index, a rebound, another drop to the same or similar level as the original drop, and finally another rebound. The double bottom looks like the letter "W". The twice-touched low is considered a support level.
ONLY FOR #educational
NOT SEBI REGISTERED. #LEARNEARN (DONT TRUST ANYONE)
#nifty50 #sharemarket #BREAKOUTSTOCKS #Multibagger #sharemarket #sharemarketindia #sensex #technicalanalysis #kukiinvest #Chartanalysis #headandshoulders #doubletop #doublebottom #parallelchannel #relativestrength
DISCLAIMER: I am not SEBI registered analyst. All posts are for educational purpose only. I am not responsible for your any loss or profit. Consult your adviser before taking any trade. I help people to learn technical analysis & charts reading.
Eicher Motors - Shorting opportunity Focus on Eicher motors, it formed a bearish piercing line candle stick pattern, seems like bull run is complete (profit bookings happened)
Shorting opportunity for time being and go long once takes support on 28% of fib or short till 38% and go long after taking support at 38% of fib
EICHERMOT Ascending triangle !!NSE:EICHERMOT
#EICHERMOT formed beautiful Ascending triangle !!
Happy LEarning.
EICHERMOTORSAs we can see Eichermotors is near yearly supply, so we can take small risk and short for decent rewards. Short near 2950-3000, sl of 3000. Target could be 2800-2600, if everything goes good.
EICHER - Strong long above 2930 levelsEICHER MOTORS - After a huge consolidation of 1.5 yrs in the range of 2300 to 2950, Eicher is about to give a brk out above 2930 levels. Strong upside potential seen in this post breakout. Positional Target 3500.
EICHER MOTORS - 6th July 2022Stock hitting Resisitance Zone 3000-2800.
Bears will try to dominate from here in pushing prices lower.
Breakout on Daily ChartEicher Motors had a breakout on the daily chart as shown above. For new entry for long position, wait for retracement and enter for good upmove.
