Eichermot looking good at 3200Eichermot looking good at 3200 for medium term for higher targets
Strong chart pattern and fundamentally also good company
EICHERMOT trade ideas
Falling wedge pattern reversal in EICHERMOTEICHERMOT
Key highlights: 💡
✅On 1D Time Frame Stock Showing Reversal of Falling wedge Pattern .
✅ It can give movement upto the Reversal target of above 3300+.
✅There have chances of Breakout of resistance level too.
✅ After Breakout of resistance level this stock can gives strong upside rally upto above 4000+ .
✅ Can Go Short in this stock by placing stop loss below 3050.
EICHERMOT - Low Risk high & High Reward TradeEICHERMOT is currently trading on the daily and weekly demand zones.
On its weekly chart, EICHERMOT is getting support from the EMA 50, and on its daily chart, it is getting support from the 200 DMA.
On the daily chart, we can see the formation of a double bottom and RSI Bullish Divergence.
On the weekly chart, the "wave volume divergence indicator" shows that selling volume is also declining.
You can plan your entry and keep your stop loss below the swing low if you want to enter a trade aggressively to catch the bottom. This trade has a low risk and high potential reward, in my opinion.
Note: My analysis is solely for study purpose; I am not a SEBI registered.
If my analysis proves useful to you, please like it and follow me on TradingView for more analysis like this.
Eicher Motors Cmp 3162 dated 13-1-2023 Bullish EngulfingEicher Motors Cmp 3162 dated 13-1-2023
1. Bullish Engulfing Candle @ Support after
nearly 20 % correction.
Buy @ CMP for target 3275-3385-3435-3495
SL 3050
Disclaimer :
I am not a SEBI registered Analyst so please do your own Analysis before taking any action.
The above view is shared just for educational purpose.
By no means shall be responsible for any losses amounting out of it incase if any trades on it.
It is just a view, please trade at your own risk.
Eicher MotorsDate-14/12/2022
Stock is in downtrend after a long uptrend,Volume not supporting for up candles,it means for increasing volume for red candles and decreasing volume for green candles.We have support at 3900 and 2950 levels if it breaks stock moves to Rs.2500 odd levels.If you want short wait for green candle with low volumes(As per Volume Spread Analysis).
As per Option chain of Dec-22,strong OI build at CALL Strike 3400 and 3500 (consider as resistance) and PUT Strike 3200(consider as support). In put side no of contracts decreasing day by day and total call contracts 13678 and put contracts 5790.
As per above data stock clearly shows weakness and OI data indicates bearishness.whoever wants to buy stock wait for some time add in tranches.
intra day trade for tomorroweicher motor is really looking good for tomorrow's intra day trade
its forming a triangle pattern as well is consolidating in a range for a long time
we can go long if it give a 15 min candle closing above 3270 with a stop loss of 20 rupees and profit of risk reward 1 ratio 2
EICHER MOTORS SHORT SIDENSE:EICHERMOT
Daily Trend - Downside, Formed drop base drop on 4 Hour time frame. In upcoming few sessions it retest those levels then we can look for downside trade approaching towards demand area near 2800 odd levels by trailing the sl.
EICHER Motors near high in 2017The share value is near the high it reached in 2017. Will it serve as a support ?
Can go long post 3400Correction till 0.786 levels is complete. Above 3400, can look at +3800 levels. Plus it has retested 3346 levels.
Eichermot diagonal breakout.Eichermot can go long wave 4 seems to be completed, as wave c looks diagonal and breakout has happened, can retest but high possibility of going long.
Eicher motors 15 min time frameIt gives a breakout to flag pattern, what I'm trying to say eicher motors in larger time frame also shows down trend.
EICHER MOTORSfalling wedge pattern form by eicher motors in 1D time farm once stock stock break supply zone up side then only take entry otherwise avoid it.
Double bottam formation GOOD to buy at cmp for target of 3504 & 3583
only for educatinal purpose
not sugesstion
Breakout retest or fibo 0.618 support Eicher motors very good setup
in an uptrend retest ATH breakout level
and fibo 0.618 level
one can look for buy opportunity
sl as mentioned or as per your system
i am not a sebi register adviser
its my own analysis
pls make sure you do your analysis dont jump on the trade
channel pattern reversal in EICHERMOT.EICHERMOT
Key highlights: 💡⚡
📊On 1H Time Frame Stock Showing bullish flag Pattern.
📊Strong Bullish Candlestick Form on this timeframe.
📊It can give movement upto Reversal target of 3440+.
📊There have chances of Breakout of Resistance level too.
📊Can Go Long in this stock by placing stop loss below 3250 or last swing low.
#EicherMotor, Short setup for 1.5-2.25% gains in F&OOn Weekly TF Eicher motor has made inverted hammer candle and I am looking to initiate short trade below 3325. If Eicher open flat on Monday then will initiate short trade below 3325, if open gap up then will wait for rejection around 3370 and then initiate trade this will give great risk reward. If open gap down then need to wait to take rejection around 3325 level which is friday's low. My final target will 3280 & 3240 and SL would be 3380 or 3330 depending on which scenario get's played out.
Let's see how market will react on Monday. Happy trading , enjoy :)
Falling wedge pattern reversal in EICHERMOTEICHERMOT
Key highlights: 💡⚡
📊On 1H Time Frame Stock Showing Reversal of Falling wedge Pattern .
📊 It can give movement upto the Reversal target of above 3445+.
📊There have chances of breakout of Resistance level too.
📊 After breakout of Resistance level this stock can gives strong upside rally upto above 3885+.
Eicher giving a break down.Eicher motors closed below the 20 ema kn the weekly time frame with high volumes.
On daily analysis the stock has also breaker down the support level of 3355.
The stock seems to be in a down trend and can trade to even lower levels.
3 point confirmation.
1. Closed below 20 ema ( weekly time frame).
2. Retest of 20 ema and going below the resistance level on daily time frame.
3. High volume break down .
Markets are in a bull run and before another up move can retest the lower levels.
Targets :- 3240, 3166
Stop loss:- 3355
Wait for the stock to start trading below the previous day low i.e. 3325 after a retest.
The stock can even touch the daily 200 moving average.
Intraday and swing trades can be initiated in the stock.
Wait for the price action near the levels before entering the trade.
Eicher Motors Cmp 3414 dated 25-11-2022 Bullish Candle @ bottomEicher Motors Cmp 3414 dated 25-11-2022
1. Fridays Candle has Engulfed last 4 days
candle.
2. RSI reversal & BO.
Buy above 3425 for target 3450-3500-3550-3600
SL 3350 (closing basis)
Disclaimer :
I am not a Sebi registered Analyst so please do your own Analysis before taking any action.
The above view is shared just for educational purpose.
By no means shall be responsible for any losses amounting out of it incase if any trades on it.
It is just a view, pls trade at your own risk.
Eicher consolidating in a range.Eicher motors on the daily time frame has been trading in a narrow range of 50-60 points which is unusual of this kind of stock.
The stock on the weekly time frame has tested its 20 ema and formed a hammer doji.
The stock has been falling for 2-3 weeks and can give some retracement before continuing another leg.
3 point confirmation.
1. Taking support from 20 ema.
2. Box consolidation on daily time frame.
3. Hammer candle on daily and weekly time frame.
The markets are in bullish move and the stock can give a good up move.
Let the stock cross and sustain above 3415 levels. A swing and intraday trades can be initiated once the levels are sustained.
Target :- 3500, 3555
Stop loss :- 3356, 200 ema(4-hour time frame).
Wait for a price action near the price levels before entering the trade.
[POSITIONAL] EICHERMOT LONG BET
risk: Reward ratio is 1: 2
Rest as per Charts
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Note -
One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells “where” to act in “what direction. Unless it triggers, like, let’s say the candle doesn’t break the level which says “Buy/Sell if it breaks”, You should not buy/sell at all.
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I use shorthands for my trades.
“Positional” - means You can carry these positions and I do not see sharp volatility ahead.
“Intraday” -means You must close this position at any cost by the end of the day.
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Always follow a stop loss.
In the case of Intraday trades, it is mostly the “Low/High of the Candle”.
In the case of Positional trades, it is mostly the previous swings
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Rising wedge pattern breakdown in EICHERMOTEICHERMOT
Key highlights: 💡⚡
📊On 1D Time Frame Stock Showing Breakdown of rising wedge Pattern.
📊It can give movement up to the Breakdown target of below 2930-.
📊Breakout can give risk: reward up to 1:3+.
channel pattern reversal in EICHERMOT.EICHERMOT
Key highlights: 💡⚡
📊On 1D Time Frame Stock Showing Reversal of Channel Pattern Pattern .
📊 It can give movement upto the Reversal target of above 3990+.
📊 Can Go Short in this stock by placing stop loss below 3490- or last swing low.
