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EICHER MOTORS LTDEICHER MOTORS LTDEICHER MOTORS LTD

EICHER MOTORS LTD

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EICHERMOT trade ideas

LONG ON EICHERMOTEICHERMOT -------------------------------- 1. BREACHED THE MULTIPLE POINT RESISTANCE 2. NOW RETESTING THE SAME LEVEL WHERE TO BUY -------------------------------- AT CMP. (AROUND 2720 LEVELS) WHERE TO BOOK PROFIT -------------------------------- AT 3025 WHERE TO BOOK LOSS -------------------------------- CLOSE BELOW 2665 -------------------------------- RISK REWARD RATIO: 1 : 5.5 -------------------------------- Please like the idea and follow me if you find this useful. Everyday morning before market opening, I will post nifty levels for the day. Kindly check it out.
NSE:EICHERMOTLong
by clementemerson
2
Eicher Motors breakout retest with RSI 60—a good long candidate?NSE:EICHERMOT is retesting its breakout zone with RSI at 60 and support at 13DMA (not pictured here). FIB extension targets are highlighted. First resistance can be 2800 (also happens to be 23.6% FIB). A few auto stocks seem to be in momentum and have retraced so the sector seems to be in a good mood, too. If we observe, Eicher had formed an H&S, took support and is now retesting around the left & right shoulder levels. Stop can be placed below 2700, around 2670-2680.
NSE:EICHERMOTLong
by MarketsWithKR
4
[ Intraday ] EICERHMOT Long Betr : R ratio is 1 : 2 Rest as per Charts Note - One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells at "where" to act in "what direction. Unless it triggers, like, let's say the candle doesn't break the level which says "Buy if it breaks", You should not buy at all. ======= I use shorthands for my trades. "Positional" - means You can carry these positions and I do not see sharp volatility ahead. (I tally upcoming events and many small kinds of stuff to my own tiny capacity.) "Intraday" -means You must close this position at any cost by the end of the day. "Theta" , "Bounce" , "3BB" or "Entropy" - My own systems. Please refer to the link to my footer and explore further if You want. ======= I won't personally follow any rules. If I "think" (It is never gut feel. It is always some reason.) the trade is wrong, I may take reverse trade. I may carry forward an intraday position. What is meant here - You shouldn't follow me because I may miss updating. You should follow the system I share. ======= Like - Always follow a stop loss. In the case of Intraday trades, it is mostly the "Day's High". In the case of Positional trades, it is mostly the previous swings. I do not use Stop Loss most of the time. But I manage my risk with options as I do most of the trades using derivatives. I also do my trades live, Please refer to the link to my footer if you want to tail me. =======
NSE:EICHERMOTLong
by Prem_Agrawal
3