EICHERMOT trade ideas
EICHER MOTORS - Accumulation ZoneEicher Motors had huge price expansion run from 4k to 33.5k
current fall is too hard for investors and at 12k it still doesnt makes a stop
fibonnaci levels suggest a possible stop at 10500-10600 levels completing 78% retracement
and to add some cushion one can considers price correction till 9700 levels
NOTE: One should consult their financial advisor before making any decision to buy or sell equities
EICHERMOT ShortBased on price action .. expecting EICHERMOT to continue in the downtrend
DISCLAIMER : All the articles posted are for analysis purpose only , any trade taken shall be under your own analysis and risk
EICHERMOT, Idea for Profit 02-Apr 2020Price Action Pattern : Head & Shoulder
Daily view : Retraced neck line and continuing down movement
Always follow risk management while trading. Saving capital is more important than profits.
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Piyush Gupta
Short Eicher for Target of 10200Short opportunity at current levels and Trail SL from current levels to every 100 points
EicherUnless the monthly candle manages a close above 15200 this bearish H&S breakdown is suggesting 11500-12000 (Ichimoku support + 62%) and if that gives way then all the way down to 5000. Please don't forget this is a monthly time frame outlook. It can take all the sweet time in the world to get there.
Eicher Motors Trend Analysis & DisInvestment !!Follow Chart Pattern.
Educational Purpose.
EicherMotors Showing Head & Shoulder Pattern which Shows Possible Fall in the Script.
Hence It should be Exited/Removed from Portfolio.
As Predicted, EICHERMOT bounced from the support Area.The price went down to important support area and couldn't break it. Bounced immediately.
It will go high for another 1500 points .
Broadening Wedge in Classical patterns is an Impulse in EWStill unfolding here. We'll see where the dips become a Buy and Accumulate.
strong strategy eicher motors ma 9,14, cpr dwm, price actionstrong strategy eicher motors ma 9,14, cpr dwm price action, pivot points
execute after three candle 10-15 minutes daily
Today’s volume was peak with a small body candleThe stock has been falling since last few months after creating a top in November. During the last 5/6 sessions we notice a surge in volumes as well. Today’s volume was peak with a small body candle (now this create a anomaly between price and volume) we should expect large candles with large volumes but that has not been in this case, especially the last candle! Well these are signs of exhaustion of a trend. The stock fell only 2.64% in during today’s sell off! The RSI is into extremes OS region, these levels were noticed in July last year following to which the stock rallied hard! From an investing point of view positions can be created in the stock. From a trading point of view a move above 16700 may push the stock to 17300, 17600 & 18000 levels. Any failure to save the days low may push the stock down to 15000 zones.
EICHER LONG VISIBLE BUY WHEN IN RANGE 16500
KEEPING 15650 SL
TARGETS 18000
19500
20000
20750+++++
NOW TRADING AT SUPPORT 17350 ( CAN EXPECT A ITERIM BOUNCE )
Long Bias for Eicher MotorsEicher can be a good long at this probable area. A good risk to reward at current levels. It could be held for short and medium-term swing. Watch out for Simple Price Action for confirmation of the trade.
Short Eicher Below 18000 on closing basisDetails are given on chart. One should think of shorting below 18000 SL 19000 Target 15000
sell EICHERMOTIF break line then sell and target another line stop loss 19500 little higher but profit also higher
