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Eicher Motors LimitedEicher Motors LimitedEicher Motors Limited

Eicher Motors Limited

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EICHERMOT trade ideas

WAVE B BEGINNING OF WAVE Y.CURRENT STRUCTURE:WXY DOUBLE CORRECTION CURRENT LEG:WAVE Y(ABC) CURRENT INTERNAL STRUCUTRE: WAVE A COMPLETION LOOKS LIKE EICHER MOTORS HAS COMPLETED IT'S WAVE A OF HIGHER DEGREE WAVE Y SECOND CORRECTION.PRICE IS MAKING HAMMER CANDLE STICK PATTERN WHICH IS A SIGN OF BULLISH REVERSAL.ALSO PRICE WISE IT HAS A SUPPORT OF 61.8% EXTENTION OF WAVE W @2340. LONGS CAN BE INITIATED @ CMP OF 2345 WITH A STOP LOSS OF 2298 AND TGT OF 2485. DISCLAIMER:There is no guarantee of profits or no exceptions from losses. The study provided is solely the personal views of my research. You are advised to rely on your judgment while investing/Trading decisions. Past performance is not an indicator of future returns. Investment is subject to market risks. Seek help of your financial advisors before investing/trading. I may or may not trade this analysis
NSE:EICHERMOTLong
by UNDERDOG-29
EICHER MOTOR HEAD AND SHOULDER BREAKDOWNEicher Motor has given a breakdown of a Head and Shoulder formation on a daily chart. Right now the price is at a crucial level hovering in the Supply and Demand Zone. If this zone act as support then a pullback from the neckline and after a possible retest of S&D zone the peak of the shoulders Rs. 2700 will be our 1st target and after that, if bullish momentum continues Rs. 3000 can be our 2nd target. If the price goes below the supply and demand zone then it can come back to retest this level and then continue a bearish move for the target price of around Rs. 2015.
NSE:EICHERMOT
by Aditya_Pal_Singh
Eicher Motor - Tri Sangam Chart PatternTri Sangam chart pattern is found in Eicher Motor. 1. Rounding Top 2. Head & Shoulder and 3. Inverted Cup with Handle Multiple confluence hints that if price fall below 2400 all of the above mentioned chart patterns will active and the best part is that targets 1850 are same for all patterns. As per H&S or Inverted cup with handle pattern, SL would be around 2700 but the overall structure is week, so we make our Stop Loss little tighter Rs 2600 (high of Shooting Star). Please note that there is an important hurdle near 2335, once it break the path of target is clear. Sell Below 2400 Stop Loss 2600 Target 1 2000 (Important Support and Round Number) Target 2 1850 (High probability of achieving this target) Once Price break below 2335 trail your SL 2520
NSE:EICHERMOTShort
by Arvind_Share_Academy
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