EICHERMOT trade ideas
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
Bearish Engulfing Short SellI have Validated this trade with RSI and MACD i have mentioned two supports for the trade. you should short sell it.
EICHER MOTORS FOR 25 TH JANWHENEVER IT TAKING SUPPORT OF 50 EMA IN 15MIN TIME FRAME IT IS GIVING GOOD MOVES SO FOLLOW THE SETUP
Eichermotor 15 min Trend breakout This Idea is only for educational purpose
trade as per your risk
thanks
EicherMot- Descending TriangleNSE:EICHERMOT
Formations-
1. Stock has given breakout in Descending Triangle
2. Breakout Confirm by volume and candlestick
3. Support at 2870.00
4. Resistance near 2962/3000
Flag Pole structure in Eicher MotorsPost is for educational purpose only. Please consult your financial advisor before taking any trading decision. Always use a stop loss to minimize your risks.
Eicher MotorsTrade according to your risk appetite!
Happy trading :)
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Eicher Motors PredictionEicher Motors should be Bought With SL 2700 and Target 2900.
Eicher Motors had break his Swing High after Rejecting it First Time, Now Eicher Motors continue his Bullish Trend.
