Divergence in Hourly ChartShort term trend reversal signal in RSI divergence. CMP 2509.70. Stop Loss 2420. Potential target 2700
EICHERMOT trade ideas
#Eichermotor cash : Strong resistance at 2500-2510#EICHERMOT CASH
29.12.2020
RESISTANCE AT 2500-2510
CMP 2462
GO Long on Eicher Motors Eicher motors making a pole and flag pattern, buy after break out with strong volumes.
Buy with confidence1)Breakout with high volume
2) Low volume pullback
3) Congestion around previous supply zone
=Go long now
EICHERMOT - Long_28_12_2020EICHERMOT
BUY ABOVE 2500
STOPLOSS 2250
TARGET 3200
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Eicher Motors ChartYou can see a head and shoulder pattern in the chart which signals an upward move up to 2700.
Bullish on Eicher Motors!Eicher Motors is in a falling channel and has made a long wick from it's lower trendline clearly rejecting the lower price range and is making it's way up. One can go long when the upper TL is breached and can expect 2485 and even 2500 levels to be tested again in the coming days.
EICHERMOTORS - Interesting Development seen on chart!If the momentum holds on, it should shoot up after squeeze.
EICHERMOT REVERSAL SWING TRADE [VOLUME PROFILE]SHORT EICHER MOTOR IN THE RANGE OF 2545-2550
SL - EXIT IF DAY'S CLOSE ABOVE 2609
EICHERMOTOR LOOKS WEAKIn daily & Weekly chart bearish candle formed.
May test 2400/2380/2300
2480-2490 could be the best shorting zone.
Intraday SL 2510 & TGT 2400
2-3 Days :SL 2544
Disclaimer: Ideas for learning Only.
Learn Regularly. NOT Occasionally.
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Eicher Motors | Head & Shoulder patterns | 2 Hrs NSE:EICHERMOT
Swing Trading opportunity ! 2 Hrs Chart Alert !!!
--sell below =2502
--Target = 2401 | 2349.40
--Stop-loss = 2583
--Lot Size = 350
--R:R = 1.88
--Expected Profit = 50.000+ ₹ per lot ( 6% )
Technical Reasons to trade :- 🧢
1) head & Shoulder pattern formation in eicher motors
2) Neckline break with volume & retracement is also done
3) candle wicks on the upper side is very large ...more selling pressure
4) All the possible support & resistance is mentioned on the chart
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✍COMMENT Below your view !
Eicher Motors Reverse from hereEicher Motors is down before some days and i think it is complete his consolidate as per Retracement level.
and it is going to Upside in next session
Just my view.
Buy above 2465
SL 2425
Target 1 2600
Target 2 2700
Eicher motors , breaks support !Eicher motors today broke the range it has been trading from last 2 weeks .
Sell below 2486 , target 1 = 2470 , target 2 = 2455 , SL 2510
Buy above 2510 (wait for retest) , target 1 = 2540 , target 2 = 2560-2570 , SL 2486
Eicher Motors - Support Break ViewEicher Motors:
Approaching Support - Can Break
Sell Below 2490 with a SL 2515
