EICHERMOT trade ideas
Eicher Motors : Resistance Breakout and pending GAP FillingEicher Motors :
Good Resistance Breakout
GAP Filling Pending !
Support at 2685
'EICHER MOTOR' intraday opportunity for 18th June 2021The above chart is only for educational purpose. Make sure you don't trade blindly, reanalyze and trade.
Eicher Motor In symmetrical triangle chart patternsA symmetrical triangle chart pattern represents a period of consolidation before the price is forced to breakout or breakdown. A breakdown from the lower trendline marks the start of a new bearish trend, while a breakout from the upper trendline indicates the start of a new bullish trend.
For Educational Purpose Only
EICHERMOT | Flag pattern - looks good for 18-20%EICHERMOT | Flag pattern - looks good for 18-20%
CMP : 2763 (Dip : 2700)
SL : 2650
Target : 3015, 3220
Almost 1:6+ risk reward setup
EICHER MOTORS HI in the pattern we can
1)double top or bottom
2) technical indicator
3)support and resistance
EMA 20 ,VOLUME
4)And also can see descending triangle
Market Wizard Books.Curated Version:
These are enough for those who really want to deep dive into the world of finance.
Don't think reading only these you're able to do financial modeling things simply do fundamental as well... Company Financial statements are another thing. Going through out these books you'll able to think or relate dots in the Financial World. Foundation of stock market start with Dow theory and end up with Neural Networks.
You have to work on your way of processing the information.
[ Intraday ] EICHERMOT Long Bet r : R ratio is 1 : 2
Rest as per Charts
Note -
One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells at "where" to act in "what direction. Unless it triggers, like, let's say the candle doesn't break the level which says "Buy if it breaks", You should not buy at all.
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I use shorthands for my trades.
"Positional" - means You can carry these positions and I do not see sharp volatility ahead. (I tally upcoming events and many small kinds of stuff to my own tiny capacity.)
"Intraday" -means You must close this position at any cost by the end of the day.
"Theta" , "Bounce" , "3BB" or "Entropy" - My own systems. Please refer to the link to my footer and explore further if You want.
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I won't personally follow any rules. If I "think" (It is never gut feel. It is always some reason.) the trade is wrong, I may take reverse trade. I may carry forward an intraday position. What is meant here - You shouldn't follow me because I may miss updating. You should follow the system I share.
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Like -
Always follow a stop loss.
In the case of Intraday trades, it is mostly the "Day's High".
In the case of Positional trades, it is mostly the previous swings.
I do not use Stop Loss most of the time. But I manage my risk with options as I do most of the trades using derivatives.
I also do my trades live, Please refer to the link to my footer if you want to tail me.
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Eicher motors looking weak on chatEicher motors has formed a head and shoulder pattern
Trading below 200 dema if breaks the neck line downside can be seen
LONG ON EICHERMOTEICHERMOT
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1. BREACHED THE MULTIPLE POINT RESISTANCE
2. NOW RETESTING THE SAME LEVEL
WHERE TO BUY
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AT CMP. (AROUND 2720 LEVELS)
WHERE TO BOOK PROFIT
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AT 3025
WHERE TO BOOK LOSS
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CLOSE BELOW 2665
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RISK REWARD RATIO: 1 : 5.5
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Please like the idea and follow me if you find this useful.
Everyday morning before market opening, I will post nifty levels for the day. Kindly check it out.
