NSE:EICHERMOT
- Eicher Motors chart is forming a Leading Diagonal Elliot wave structure. A Leading Diagonal is a transitional structure (correction to impulse) forming as part of the first wave of a larger impulse degree.
- The first wave leading diagonals form as a 5-3-5-3-5 overlapping structure as shown on the chart.
- There is no doubt this counter is bullish...
Eicher Motor Given a Strong Trendline Breakout With Retest and Also Engulfing the Previous Day Candle...
LTP ::3080 Buy Near 3080-3090 SL 2900 Target 3400-3500
Duration Around 1 Months
Auto Sector Looking Strong ..
Just a Study Related Call ..
Do take your Own Decision before taking any trades.....
5 Years #Multiyear #Breakout in #EICHERMOT (Eicher Motors Ltd). #EICHERMOT is #Outperformed #Nifty in current scenario.
BSE: 505200 / NSE : EICHERMOT
What Is a Double Bottom?
A #doublebottom #pattern is a #technical #analysis #charting pattern that describes a change in trend and a momentum reversal from prior leading price action. It describes the drop of a...
Focus on Eicher motors, it formed a bearish piercing line candle stick pattern, seems like bull run is complete (profit bookings happened)
Shorting opportunity for time being and go long once takes support on 28% of fib or short till 38% and go long after taking support at 38% of fib
As we can see Eichermotors is near yearly supply, so we can take small risk and short for decent rewards. Short near 2950-3000, sl of 3000. Target could be 2800-2600, if everything goes good.
EICHER MOTORS - After a huge consolidation of 1.5 yrs in the range of 2300 to 2950, Eicher is about to give a brk out above 2930 levels. Strong upside potential seen in this post breakout. Positional Target 3500.
Eicher motors is showing great sign sign of bullishness in much macroeconomic conditions it is about to break multi month symmetrical triangle if it closes above the trendline with high volumes we can initiate a long trade with strict SL. We can look around for 16% to the upside after this breakout , so it can be a great swing trade. NOT FA
Stock Name - Eicher Motors
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness and
More strength will be visible above 2830
#This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn...
NSE:EICHERMOT
One Can Go long with a Strict SL below the Trendline or Swing Low of Daily Candle.
Close is good, and Clean.
R:R ratio is 1 :2 .
Disclaimer : You are responsible for your Profits and loss, Shared for Educational purpose.
On weekly timeframe a Head and shoulder formation is taking its shape, formation completes above 2990, one its closes and holds above 3000, long position can be initiated for at least target of 4800 in next one year.
