EICHERMOT trade ideas
Eicher Motors-BreakoutEicher Motors has given a breakout, now wait for retest to enter.
Note:This is only for educational purpose
Eicher MotorsConsoldation. Closing above 2800 levels will take it to 2950-3000 levels.
Option Chain data also indicates consolidation as of now with Support of 2650 for July Expiry.
Credit Spreads can be deployed with a Range Bound view.
Eicher motors Short-term Buy AUTO & Pharma SECTOR are looking strong.
My best pick on Auto Stock is @Eicher Motor @2772
One can Take long Position in this Above @2780 SL 2750 Target 2855++2878++2930++3000.
Reason::: Daily Strong Support level@2750 :::RSI Near 30-35 Level:Also taken a support from 200MA on Hourly Timeframe::
This Trade Has Low Risk and high Return Possibility
This call is just for study Purpose. Do invest at your own Risk ..
STAY SAFE : Stay WEALTHY:::
Eicher Buy 2767 SL 2750 T1 2810 T2 2826Please use trendlines for resistance and support. Do your analysis before taking any trade.
Eicher motorsEicher motors can be a good buy as an inverted head and shoulder is formed .
buy above 2950
Sl 2850
target -3250
Eicher motorEicher motor weekly chart butterfly pattern also monthly chart butterfly pattern. Double bottom pattern.
Eicher Buy 2872 SL 2852 TGT 2913Please use trendlines for resistance and support. Do your analysis before taking any trade.
Eicher Buy 2867 SL 2842 T1 2887 T2 2897 T3 2909Please use trendlines for resistance and support. Do your analysis before taking any trade.
Intraday All time high break at 15 min time frame all time high break with fix sl no trailing 1:2 risk reward fix
EICHER MOTOR - RIPE FOR A MOVEVIEW :-
POSITIVE
DISCLOSURE
This is only for educational purpose
This is not a recommendation
I am not SEBI registered
Do not TRADE/INVEST basis what I publish here
I am not responsible for your loss or gain
It is prudent to assume that I have ulterior motives in publishing this Idea
I and my clients might or might not have a position, I and my clients might or might not have a opposite position
CONSOLIDATION RANGE BREAKOUTOn the daily chart, the stock has witnessed a “Consolidation Range” breakout around 2900 levels indicating resumption of earlier up move
The stock is well placed above its 20, 50 and 100 day SMA’s which reconfirm bullish sentiments Rising volumes at breakout zone signals increased participation
The stock is in up trend forming a series of higher tops and bottoms
The daily and weekly strength indicator RSI is in bullish mode which supports rising strength as well as momentum.
The above analysis indicate an upside of 3080-3150 levels Time period is 3 to 4 weeks.
Eicher Buy 2950 T1 2972 T2 3032Please use trendlines for resistance and support. Do your analysis before taking any trade.
EICHER looks good for more upside 🚚I have mentioned important trading levels for EICHER MOTORS
- Trendline breakout but volumes not satisfactory
- It might retest the trendline and then begin the upward journey
Eicher Buy 2852 TGT 2884+Please use trendlines for resistance and support. Do your analysis before taking any trade.
