Buy Eicher MotorsBuy Eicher Motors (NSE:EICHERMOT)
Buy Range- 3550 - 3575
Target- 3700 - 3750
StopLoss- below 3480
Potential Return- 4-5%
Approx trade duration 7 - 8 days
EICHERMOT trade ideas
Bullish above 3720 Above 3720 stock showing bullish momentum
Candle pattern indicates strong bullish.
Ichimoku clear level above 3716.
Volume also good.
In coming sessions it has potential to reach 3780 ; 3890 levels
I sharing my view for educational purposes only. Please consult your financial advisor before entering into trades.
Short Eicher motors- target 3560Profit booking expected in eicher after it has moved 6% up ..overbought condition
EICHER LOOKS GOODEicher motors looks good after breaking a horizontal resistance on weekly chart and gives a close above so we can consider it is a breakout and can go long in it for the target of 3423 and 3339 with taking a stop loss of weekly candle close below mentioned resistance and that is 3312 levels.
𝑵𝑶𝑻𝑬- 𝑶𝑵𝑳𝒀 𝑭𝑶𝑹 𝑬𝑫𝑼𝑪𝑨𝑻𝑰𝑶𝑵 𝑷𝑼𝑹𝑷𝑶𝑺𝑬
#Eicher Motors Trade SetupStock is near to BO zone with volume build up, follow chart for entry and exit levels.
EICHER MOTOR TARGET 3491EICHER MOTOR downtrend breakout. Resistance 3347 breakout and sustained daily. if Sustain above 3410, it will reach the target of 3491 and next 3581
Eicher motor long target 4000eicher motor upside go wave 5 in weekly chart
eicher motor complete 5 again come down side
Eicher Motors 75 Mins Elliott Wave Set UpBased on the Wave Principle, the 75-minute structure of Eicher Motors appears to be bullish. The stock's Wave 4 correction, labelled as a-b-c, seems to be complete, indicating the potential for a 5th wave rally.
Several observations support the likelihood of a materialized Wave 5:
The Wave 2 retracement was confined between the 0.5-0.618 levels, showing a sharp decline.
Wave 3 terminated precisely around the 1.75 extension level.
The Wave 4 retracement was shallow and confined to the 0.382 level.
These observations indicate a favorable Fib relationship, following the guidelines of the Wave Principle. The expected targets for Wave 5 are between 3350-3367.
According to Trend Based Fib Time, there is a high chance that these targets will be achieved between May 2nd, 2023 to May 11th, 2023. Investors should keep an eye on Eicher Motors' stock during this period to see if these projections materialize.
Eicher Motors : Big Players have entered the stock#Eichermotors
>> Positional Call (1-3 months)
>> Three White Soldiers pattern highlighted indicates big player has already entered the stock
>> Good strength & Volume Buildup in Stock
>> Swing traders can book profits at 5-10% fully or partially & keep trailling
Keep liking & sharing for more such analysis, leave a comment if u like analysis
@moneyfesttrading
Eicher Motor Fibo retracementEicher motor has shown fibo retracement and can touch 3200 levels in coming days. Expect it to touch 3160 tomorrow. It has also given tripple bottom and a reversal confirmation doji. both signal are extremely positive.
Trendline retest on long term chart Trendline retest on long term chart, weekly timeframe
falling wedge BO in short term.
#eicher #eichermot
Eicher Motors Trendline BreakoutEicher Motors gave trendline breakout in daily time frame
good to keep on radar for long side.
EICHER MOTORS - Swing Trade || 3rd April, 2023 #swingtradeAnalysis Criteria Used:
1. Please find the Chart Analysis done for the 2nd April, 2023 and the upcoming week.
2. The analysis for the Swing Trade ideas, has been done based on Trend analysis and Chart Patterns with Volume Buildups
Focus On:
1. Always keeping your Risk Management in play
2. Using a Stop Loss; because it is your Best Friend
3. Always Plan your Trade and stick to your Plan
4. Dont overthink or overanalyse
5. Treat this as your Business and get serious about it
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EICHERMOTORSnifty auto looks impressive , keep an eye on this scrip for target of 3220 with sl placed at 3005
EICHER MOTORS -15minEICHER MOTORS Looking good for downside..
When it break level 2922 and sustain.. it will go Downside...
BUY EICHER MOTORS@ 2922
Target
1st 2904
2nd 2891
Enjoy trading traders.. Keep add this STOCK in your watch list..
Investor are welcome..
BEARS RIDING DOWN EICHER MOTORS ???!!!Chart patterns does insist me to go with opinion stated above.
Reasons:
1. Eicher motors is travelling (and respecting) in different patterns .
2. June 2022 , Eicher motors broke out of major triangular pattern and rose to about 35% .
3. Monthly(November 22) candle - Bearish engulfing candle , Oct 2022- Hanging man candle confirming the Bearishness.
4. It is also travelling in a ascending channel pattern (as you can see it is currently in the down move inside the pattern).
5. Stock has given Breakdown(11 nov candle) with superb volume out of a trendline.
6. Head & Shoulders pattern in Daily time frame and given breakdown on 2 Dec with good volumes.
7. Target & SL levels mentioned in the chart...
I can show things separately and clearly in weekly daily monthly charts...but trading view allows only members who have reputation of 10 (or paid ones) to use that feature while publishing ideas.
Soon I will earn that 10 points .
Sorry if chart looks so congested....Feel free to ask if there is any confusion.
Let's wait and watch how it moves!!!!
Note - Just Sharing my view...not a tip nor advice...
EICHERMOTOR retest after breakout EICHERMOTOR retest after breakout we can ride it for more then 80% gain think to accumulate in your portfolio..
EicherMotor Strong Order Blocks at 3039EicherMotor Strong Order Blocks at 3039
Let us see what happen
Echer motors monthly chart breackdownThe india one of the Auto stock eicher motors is the monthly chart breck-down, This is show the long term trend is the negative. If you are invested in the long term basic this is the very important
eicher motor looks weak 50 day EMA has crossed 200 EMA downwards
12-26 ,50 -100 MACD line are below signal line and zero
targets and stop loss are indicated in figure
wait for restesting of EMA as resistance before shorting !
EICHERMOT✅ Price now come to Support Zone 2965-3031, and This zone also tested Multiple times.
✅ On 2965-3031 Level look for a strong Reversal for a proper Entry like Double Bottom on Hr.ly TF.
Eicher Motors Double BottomEicher motors has fallen from its high by about 20% and we may be looking at a double bottom reversal as it rests on the 200EMA.
According to option chain data, 3100 is a strong support.
According to Multi strike OI, calls graph is falling which shows a bullish Singal and puts graph is rising which shows an even more bullish signal.
Targets of T1 and T2 with stop loss below 3050,
safer traders can wait for the break of the trendline but it may mess up the entry price
Keep It Simple
