EICHERMOT trade ideas
EICHER MOTOR POSSIBLE BOUNCE BACK FROM SUPPORTDaily timeframe support, Price action is given, Only invest after trend confirmation and other indicator confirmation and exit if support range is break
Eicher Motors - Important levelsEicher Motors is hanging around the trend line. People can go short but it has an immediate support zone from where reversal may come
Eicher Motors : Fibo Retracements and support levelsEicher motor is again at support retracement levels of 50% Fibo.
2 Gaps have been created on the chart and the price is ready to fill the gap. The stock has been rewarding in long run and continues to be in the coming times.
All levels are mentioned on the chart.
DISC: For educational purposes only. Please consult your advisor before making any bet.
Eicher motor short buildup ended sooneicher motor come to support zone if support not broken a next upside movement is possible otherwise a huge fall may be done ,in my expectation most of the time support 2510 will not broken , as now the down trend target is 2510 ,so wait be a patient
EICHERMOTOR CONTRA TRADEA contra trade could be taken above 2735 for the TGT of 2777/2797
Strict SL 2705 clbs
Disclaimer: Ideas for learning Only.
Learn Regularly. Not occasionally.
SellEicher has taken out low of the big bullish candle. Thr is no buying on the same level. It is underperforming Nifty50 index on RS parameter. RSI has also broken previous trough and trading below 40 which is not a bullish sign. Price may correct nto 2527 and 2410. Upside 2785 should act as resistance.
Disc : it's not an investment advice to buy or sell
EICHER MOTORS-Short Target for IntradayNSE:EICHERMOT
TIP~ Wait for DMI to cross 35 level and then take price-action!!
Eicher: Can we see some Correction?Stock has made a double top...results were a miss....expecting a correction towards 55 SMA
EICHER MOTOR GOOD SHORT CANDIDATEEICHER MOTOR SPOT CMP 2920
Bearish shark pattern formation
PRZ in range :- 3000-3050
pattern violation above :- 3100 on daily closing basis
Counter have given reversal from perfect reversal zone,, RSI making bearish divergence,, good short candidate,,
down side 2700-2600-2500 possible..
EICHERMOT | At an Important JunctureEICHERMOT | At an Important Juncture
Closed exactly at 2744 (Cube of 14) on 29/01/2021
Price took support of Middle Chanel (marked dotted) around 2725
14 period RSI at very important level (RSI = 50) and at trend line support
Supports: 2704 / 2653 / 2601 / 2576 / 2559 / 2526 / 2500 / 2451 / 2426
Resistances: 2809 / 2822 / 2863 / 2916 / 2944 / 2996 / 3025 / 3085
