EICHERMOT trade ideas
eicher motorseicher motors...out of downtrend n now making higher high huge accumulation seen on lower levels
Elliot Wave Projection of Eicher MotorsA possible projection of Elliot Wave for Eicher Motor stock.
Stock is making impulse wave expecting it to break all time high.
Just for educational purpose.
DISCLAIMER:There is no guarantee of profits or no exceptions from losses. The investment advice provided is solely the personal views of my research. You are advised to rely on your judgement while investing/Trading decisions. Past performance is not an indicator of future returns. Investment is subject to market risks. Seek help of your financial advisor before investing/trading.
I may or may not trade this analysis
--------------------------(((((LIKE)))))-------------------------------
EICHERMOT | Weekly strong resistance breakout looks good for 30%EICHERMOT | Weekly strong resistance breakout with Fib & Previous resistance as support now. Looks great for 30%.
May consolidate for some weeks.
CMP : 2553
SL : 2440
Target : 3300
1:6+ Excellent risk reward setup.
Eicher Motor - EducationEducation only.
No Buy Sell suggestion.
Strong support 2500,2490,2480.
Possible for bounce from support.
On BD, it will move towards 2412.
Up T1 2580, 2610, 2640.
Eichermotor 1hr AnalysisEicher Motors is following very good price action and it is facing good rejections at 2600 levels making a proper Head and Shoulders pattern. If the neckline which acts as major support breaks a nice fall is expected with RRR of 1:2. Also, a breakout from the trend line is expected as it is continuously getting rejected from it and a breakout can give good targets with RRR being 1:2.
Breakdown Trade -
Sell-2500
SL-2530
TGT- 2425-2430
Breakout Trade-
Buy-2540
SL- 2500
TGT-2600
Eicher Motor - Shorting Opportunity in IntradayShort Eicher Motors if the price breaks the support level.
Tip - Leave if opens with the big gap down or gap up.
EICHER MOTORS ON 30 MIN TF.NSE:EICHERMOT
GOOD SUPPORT IS SEEN ON 30 MIN TF SUPPORT LEVEL OF 2525 TESTED 4th TIME AND
A PIN BAR CANDLE FORMATION WITH GOOD INCREASE IN VOLUME.
MUST ALSO SEE FOR THE RED SHORT TERM TREND LINE TO BE BREAK.
EICHER MOTORS CAN BE GOOD FOR SWING OR POSITIONAL TRADING.
NOTE - THIS IS JUST FOR EDUCATIONAL PURPOSE.
Eicher Motors Weekly Head & Should Pattern Break OutEicher Motors Weekly Head & Should Pattern Break Out
Eicher Motors | Uptrend Resumes with big bullish candle 🏍🚛Swing Trading opportunity ! Weekly Chart Alert !
Fundamental is good because company is planning to launch their new models
harley Davidson already announced that they are closing all ther stores and factories from INDIA
i.e no Competition
CMP =2560
Target = 2933
Stop-loss = 2160 or below
Lot Size = 350
1) EICHER MOTORS just break the down trendline and closed
2) Volume is more than sufficient
3) Uptrend Is continuing
4) All the possible support & resistance is mentioned on the chart
Guys check out the related ideas as well, it will work really well guaranteed !
FOLLOW for more !
LIKE if think is useful !
COMMENT Below your view !
EICHERMOTOR, 1D, FUNDAMENTAL + TECHNICALS (FUNDA-TECHNO)EICHERMOT 1D, is at 52 WEEKS HIGH now.
FUNDAMENTALS: Eicher motors posted NEGATIVE results since 3 quarters and stock still makes 52-weeks high which doesn't look sustainable to me.
TECHNICALS : stock forming DOJI on top and trend reversal may happen .
My view : Eichermot may fall and I'll short ONLY below the Low of doji.
Trgt is near 2300
It may retrace back from 2300 and again start moving in Channel or it may break 2300 level and fall more.
PS: SHORTING ONLY BELOW 2500.
EICHERMOTOR LONG...BO ABOVE 2390 WITH VOLUME MAY LEADS TO GOOD UPMOVE
UPTRENDING STOCK
ACCUMALATION ZONE IS BETWEEN 2154-1950(WHICH IS ALSO FIBBO RETRACEMENT LEVEL)
ABOVE ALL IMPORTANT MOVING AVERAGE
WEAK BELOW 1860
