EICHERMOT trade ideas
Buy_Eicher MotorsReasons for buying Eicher motors
1. Support from 400 days EMA
2. Oversold RSI
3. RSI Positive Divergence
4. MACD is about to crossover
5. Sales figures for the month are very good
6. Result is on 2nd Nov. Results are going to be good
7. Festive season pent-up demand
8. Very good Risk to Reward ratio
Buy Eicher Motors at CMP for the target of 20% on the up side with the Stop Loss of 2450.
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🏍🚚 Eicher Motors Heading Towards Support NSE:EICHERMOT
As one can see on chart, Eicher motors share heading towards harmonic support ones it enters in harmonic PRZ then wait for perfect reversal then only go for swing long as per your trade setup.
******whatever charts or levels sharing here are just for educational purpose only, not a recommendation. Please do your own analysis before taking any trade on them. We are not SEBI registered.
EICHER Motors. Symmetrical Traingle in MakingEicher Motors took resistance at Falling Trendline Shown on chart. and from thereon we witnessed sharp fall currently its near to Rising Trendline. Both Falling n Rising Trendline Creating Symmetrical Triangle Formation. So it will be interesting to Watch Eicher motors share price movement in coming days. Either Side break out or break down will give 1000 Rupees Rally . Stay tuned for further Updates.
EICHER MOTORS TO BE LONG FROM THIS AREAEICHER motor have been out from a symmetrical triangle and came retesting the breakout zone and got rejected from the breakout zone ,,(Resistance became support). Good to initiate a long position .
Time Frame:Daily,Weeekly
CMP:2817
STOPLOSS;2700
TAREGET;ALL TIME HIGH