ADD EICHERMOT IN PORTFOLIO AT 2080-2090 WITH SL 2000
TARGET 2650-2700
Note : Trading in any financial market is very risky. I post ideas for educational purpose only. It is not financial advice. Do not hold us responsible for any potential loss you may incur. Please consult your financial adviser before trading.
It is completing its Wave B in triangle form.
It can move upto 4300-5400 levels.
This is weekly analysis so it may take time.
Be patient and hold tight!!
#DYOR
#NFA
There is breakout in Eicher Motor with RSI breaching above 60 and MACD crossover could see the levels of 2660 and 2670 soon.
Long Eicher near 2625-2630 with sl 2600
Eicher Motor-Buying Opportunity ahead of Q3 results announcement
Shock from US market absorbed reason Nifty is not ready to sell off beyond 17300 level due to their inflation crisis.
Our market business holding reasonable pace and growth ahead while all business are ready to come fully functional and ready to give a super q4 result ,while we have enough 1.5 month...
The analysis is done on 15 minutes TF hence price may achieve targets in a day or take a few days.
Trade setup is explained in image itself.
The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade
Checkout my other ideas to understand how one can earn from stock markets with...
Can be a Good Buying , Need Some More confirmations as Candle Stick Patterns.
Taking Support at Gann Angle from Deep Crash & Its Top
Suggestion : Do Your own Study As Well .
Levels on chart for an idea .
Let's See
Disclaimer: These are my personal views and trade taken on these observation should be traded with strict Sl
Only for learning purpose
This is not...
What's the difference between a running triangle and, contracting triangle?
Trick is very simple. The wave "B" is beyond the origin of wave "A" we have diagram in a chart.
Respect to the triangle a few things to remember.
1) they can only form by themselves in wave "4" , wave "B" , wave "X" and rarely wave "2" . That being the case, triangles...
Eicher motors has been in a sideways zone since Mar 21 .. I am assuming the correction phase is about to end and another upward trajectory is about to begin.
Auto Sector is most talked sector. Sales will pick up sooner or later. The Spring of pressed sales will bounce.
BUY ABOVE 4050
STOPLOSS AT 4650
TARGET FOR 3550
