Swing trade opportunity: Eicher MotorsEicher motor may break channel and touch 3660. Keep watch for swing trade.
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1.08%
117.80INR
29.139BINR
143.588BINR
273.749M
About EICHER MOTORS
Sector
Industry
CEO
Siddhartha Vikram Lal
Website
Headquarters
Gurugram
Employees
16.463K
Founded
1999
ISIN
INE066A01021
Eicher Motors Ltd. engages in the development, design, manufacture, assembly and sale of two-wheelers, as well as related parts and accessories. It operates through Domestic and Overseas geographical segments. The Domestic segment includes sales and services to customers located in India. The Overseas segment includes sales and services rendered to customers located outside India. The company was founded on March 14, 1982 and is headquartered in Gurugram, India.
Eicher Motors is on its way to create a expanding channelEicher motors, after completing a head and shoulders pattern on daily chart, now on its way to create an expanding and ascending channel. Presently a trader can catch the movement upto its upper channel wall. i.e upto approax 3600 price level, after which , it may return to the lower channel wall to
Eichar Motors
NSE:EICHERMOT has given a MACD & DMI Crossover,
Currently Moving in a Triangle Pattern, also about to break Ichimoku Cloud and to give a Bollinger squeeze breakout all at the same time.
Buy above 3450 For Targets:-
T1- 3565.60
T2- 3610.85
T3- 3675.90
Ascending Triangle Pattern Reversal in EICHERMOTEICHER MOTORS LTD
Key highlights: 💡⚡
📊On 1Day Time Frame Stock Showing Reversal of Ascending Triangle Pattern.
📊 It can give movement upto the Reversal target of Above 3460+.
📊There have chances of Breakout of Resistance level too.
📊 After Breakout of Resistance level this stock can gives strong ups
upside move to 4000 levelwe can see that this stocks is forming a ascending triangle and take support in 200 ema if it'll sustain the ema the next move will be upside to 4000 level
almost 2 months this stock is moving in a range.
major resistance- 3300
Eicher Motors - Revision in levels
As seen in the last trading 3374 support was broken and it took support at 3368. But, weekly swing high is 3348. Now, adhere to this level only. If it bounces back, then only buy otherwise don't be long unless it retraces back from this level.
Please refer to my previous discussion on Eicher M
Eicher Motors - Live Market Analysis
Best time to buy with stop loss of 3374. As per Gan, when price enters third circle, that is the best time to buy with low of Ist circle as the SL.
IH Chart.
Marked is angle in sky blue color with base as the trendline adjoining highs of previous swings marked in red diamond. In the making i
Eicher Seems Bullish 🐂As seen in the chart, we can see that Eicher is consolidating from past 60 day between the price range of 3300-3400. Fastive season is coming, soo there are chances that it might go up📈. That my thoughts 💭. Share your opinion with me.
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