Watchlist stock -- Eicher MotorsFormation of Inverted Head&Shoulder pattern on weekly chart. Stock may give entry opportunity for a long trade.
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EICHERMOT trade ideas
NSE:EICHERMOT Triangle BONSE:EICHERMOT
#EICHERMOT formed descending triangle and trying to BO.
All the key levels marked on chart for reference.
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EICHER MOTORS SHORTNSE:EICHERMOT has made a double top with a swing low ( higher low ) on daily timeframe we would see a drop in auto sector since then.
What do you see? ‘H&S’ in EICHER?I see a Head & Shoulders in EICHER daily chart. It will take quite a few days to complete the pattern, but a trade at perfect time will give a huge reward!
I see a good swing trade opportunity….
NSE:EICHERMOT
Buy_Eicher MotorsReasons for buying Eicher motors
1. Support from 400 days EMA
2. Oversold RSI
3. RSI Positive Divergence
4. MACD is about to crossover
5. Sales figures for the month are very good
6. Result is on 2nd Nov. Results are going to be good
7. Festive season pent-up demand
8. Very good Risk to Reward ratio
Buy Eicher Motors at CMP for the target of 20% on the up side with the Stop Loss of 2450.
eichermator -bullish cypher -tf-dailyeichermator -bullish cypher -tf-daily
refer chart for study
negation below prz zone
This is not a recommendation -
Do not TRADE/INVEST basis what I publish because I am not SEBI registered.
Inspired - Trading Mirror telugu
#Eichermot cash : Looks good around 2620-35#Eichermot cash -Positional call
07.11.2021
Looks good around 2620-2635
& above 2710.10
Stoploss 2575
Target 2780/2880
Cmp 2662
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NSE:EICHERMOT Fundamental Pick !!!NSE:EICHERMOT
Technically not broken the support and gap up with good volumes, got good numbers.
Fundamental pick !!
Happy Trading !!
Sell below 2518 SL 2548 TGT 2460Suggestions are based on my analysis only. Please do your analysis before taking any trade.
Eichermotors_Good to go longEichermotors can be expected to move up. Entry can be made above today's high.
(for educational purposes only)
Strong bullish #$3The stock is available on discount price now.
At this stage it's ready to format a second shoulder, you should buy for 1st nearest target 2700 and long term target 3000
Chance of a BREAKDOWNIf by EOD The volumes are good and red candle is good enough then this might a good breakdown.
Kindly comment your thoughts.
Lets learn and grow.
🏍🚚 Eicher Motors Heading Towards Support NSE:EICHERMOT
As one can see on chart, Eicher motors share heading towards harmonic support ones it enters in harmonic PRZ then wait for perfect reversal then only go for swing long as per your trade setup.
******whatever charts or levels sharing here are just for educational purpose only, not a recommendation. Please do your own analysis before taking any trade on them. We are not SEBI registered.
correction of this share startedcorrection of this share started,Since it was in overbought zone, to me it seems fair price is around 2200-2300.
Eicher Motors Possible SwingEicher motors currently at its 1day Trendline support along with 200 EMA.
One Good green candle can confirm this trade.
One can go long with Sl of 2.5 % for target of more than 14%
Eicher motor trangle pattern Eicher motor trangle pattern are formed break the strong candle then enter the stock
EICHER MOTRSI Divergent. There are three bottom although RSI is going in bullish side that indicate bullishness in EICHER MOT.
Any views on EICHERMOT ?________________________________________________________________________________________________________________________________________________
EICHER Motors. Symmetrical Traingle in MakingEicher Motors took resistance at Falling Trendline Shown on chart. and from thereon we witnessed sharp fall currently its near to Rising Trendline. Both Falling n Rising Trendline Creating Symmetrical Triangle Formation. So it will be interesting to Watch Eicher motors share price movement in coming days. Either Side break out or break down will give 1000 Rupees Rally . Stay tuned for further Updates.
Short Eicher Motors from CMP 2853.20Clear Rejection from higher levels and seems bears have taken control of Eicher motors Script, it can be shorted upto next demand zone of 2760
