Eicher - another parabolic that endedPrabolic ended quite some time back. Since then under pressureby yossarian1210
Eicher DowntrendCurrently, in the correction phase. Wave C is in progress may be end near 15500. Then Uptrend will start. Just for educational purpose.Educationby LearnerSujitCUpdated 0
Long as per Target mentioned in Chart.Auto index on a whole is in good pullback trend after a long down move. Eicher motors Pullback move shown in chart. Can be used for this month expiry. RSI and MFI showing positive divergence.Longby subbulearningsUpdated 0
2R(with Green Dot) again - 1200+Retracement and Reversal decoding the price movement. Watch out for 2G(with Red Dot)* and you might be the lucky one to find the Top. Watch out for 2R(with Green Dot)* and you might be the lucky one to find the Bottom. For more details check out * 2G(with Green Dot) and 2R(with Red Dot) also occurEducationby mehul19740
Eicher Motors - Looking for strong reversalEicher Motors have seen strong fall in last 1 month where it fell from 29500 to sub 23000 levels and now down around 30% from its all time high, On daily charts Eicher Motors looks deeply oversold, RSI is below 30 and Money Flow Index which is another very strong indicator is now at sub 11 which is indicating that a strong reversal is very much likely. Another strong support is 200 Week moving average which is currently at 23200, since 2010 Eicher never traded below 200 WMA, so this is also a very good support level. So conclusion is that Eicher Motor is providing very good entry point for Short term to Medium term long traders and for long term traders as well. we can see good 20-30% reversal in short term.Longby KunalJain2