Any views on EICHERMOT ?________________________________________________________________________________________________________________________________________________
EICHERMOT trade ideas
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
New Update: Eicher motor Elliott Wave AnalysisEicher motor has completed a triangle at wave 4.
After the 4th wave correction, the price has started moving upward.
But we can't ignore the B-D line for accurate confirmation.
I had published Eicher motor on 12 September 2021.
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EICHER MOTORS TO BE LONG FROM THIS AREAEICHER motor have been out from a symmetrical triangle and came retesting the breakout zone and got rejected from the breakout zone ,,(Resistance became support). Good to initiate a long position .
Time Frame:Daily,Weeekly
CMP:2817
STOPLOSS;2700
TAREGET;ALL TIME HIGH
Eicher Buy 2855 SL 2787 TGT 2888 TGT 2 2948Suggestions are based on my analysis only. Please do your analysis before taking any trade.
EICHER MOTOR STOCK
EICHER MOTOR STOCK
complete technical analysis
multi confirmation
50 SMA support
stoploss 2700
LONG LONG LONG
ONY THINK FOR BUY
Eicher Motors-BreakoutEicher Motors has given a breakout, now wait for retest to enter.
Note:This is only for educational purpose
Eicher MotorsConsoldation. Closing above 2800 levels will take it to 2950-3000 levels.
Option Chain data also indicates consolidation as of now with Support of 2650 for July Expiry.
Credit Spreads can be deployed with a Range Bound view.
Eicher motors Short-term Buy AUTO & Pharma SECTOR are looking strong.
My best pick on Auto Stock is @Eicher Motor @2772
One can Take long Position in this Above @2780 SL 2750 Target 2855++2878++2930++3000.
Reason::: Daily Strong Support level@2750 :::RSI Near 30-35 Level:Also taken a support from 200MA on Hourly Timeframe::
This Trade Has Low Risk and high Return Possibility
This call is just for study Purpose. Do invest at your own Risk ..
STAY SAFE : Stay WEALTHY:::
Eicher Buy 2767 SL 2750 T1 2810 T2 2826Please use trendlines for resistance and support. Do your analysis before taking any trade.
Eicher motorsEicher motors can be a good buy as an inverted head and shoulder is formed .
buy above 2950
Sl 2850
target -3250
Eicher motorEicher motor weekly chart butterfly pattern also monthly chart butterfly pattern. Double bottom pattern.
Eicher Buy 2872 SL 2852 TGT 2913Please use trendlines for resistance and support. Do your analysis before taking any trade.
Eicher Buy 2867 SL 2842 T1 2887 T2 2897 T3 2909Please use trendlines for resistance and support. Do your analysis before taking any trade.
Intraday All time high break at 15 min time frame all time high break with fix sl no trailing 1:2 risk reward fix
EICHER MOTOR - RIPE FOR A MOVEVIEW :-
POSITIVE
DISCLOSURE
This is only for educational purpose
This is not a recommendation
I am not SEBI registered
Do not TRADE/INVEST basis what I publish here
I am not responsible for your loss or gain
It is prudent to assume that I have ulterior motives in publishing this Idea
I and my clients might or might not have a position, I and my clients might or might not have a opposite position
CONSOLIDATION RANGE BREAKOUTOn the daily chart, the stock has witnessed a “Consolidation Range” breakout around 2900 levels indicating resumption of earlier up move
The stock is well placed above its 20, 50 and 100 day SMA’s which reconfirm bullish sentiments Rising volumes at breakout zone signals increased participation
The stock is in up trend forming a series of higher tops and bottoms
The daily and weekly strength indicator RSI is in bullish mode which supports rising strength as well as momentum.
The above analysis indicate an upside of 3080-3150 levels Time period is 3 to 4 weeks.
