EICHER MOTORS NSE:​EICHERMOT

NSE : Eicher motors heading for 16K Short Eicher motors below 22000, for a target of 18806 and 16364 or below. Stop loss level 23767 Use stop loss

Now this one is making an consolidation , now i am looking to go Long only if daily close is strong and brakes the 20900 , i am not sure weather this is the low from where it will turn and move up , or it will keep moving down ward side for another small drops and then turn , either way i am looking to go long only on strong close on daily there is divergence...

Pole and Flag Breakdown on Daily Chart

Keep Shorting Eicher Motor for Monday. Buy 2000 PE @ 350. T1 is 550

Reasons for Sell 1. Eicher formed Bearish Marubozu today on daily charts 2. Next Support is seen around 18200 Levels. 3. Resistance between 19250-19500 4. RRR is around 2 which is good 5. Selling with strong volumes. 6. Risks: 1. Stock is already in down trend 2. RSI at 26 indicating oversold thus chances of reversal. Trade is at Confidence level...

TRADE FOR NEXT 1 FEW DAYS: SELL EICHERMOT (Eicher Motors Ltd) 19900

LEVELS MENTIONED IN THE CHART. RSI ----> UPMOVE Disclaimer: It is very important to do your own analysis before making any investment based on the chart mentioned here. Trade wisely!

Buy above the level shown

Eicher motor is looking like creating a bulling morning star candle pattern in its weekly charts and also touches its double bottom level and expected to rebounce from this current market level and found its immediate support around 18000 level. from the Fibonacci retrenchment we can expect the upside target of 25400... Time frame-8-12 weeks.

Eichermot came out of RSI oversold and KC both indicating short term pullback

stock broke near major support line, it is expected to continue previous rally which is marked by arrow. stock is expected to be bearish in coming days which is supported by weak performance by auto sector in India as well as globally. Weak sales marked by auto giants in china is going to affect us. The analysis is purely based on price action. No indicators have...

Buy with stop loss at day's low.

....Levels mentioned in chart

Eicher Motors - by #VABA Support and Resistance Levels by #VABA system developed by Ta_Charts (https://in.tradingview.com/u/Ta_charts/) Follow him for better analysis.

At support and chances of bounce back.

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SL 19850

19070 is the short term support