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EICHER MOTORS LTDEICHER MOTORS LTDEICHER MOTORS LTD

EICHER MOTORS LTD

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EICHERMOT trade ideas

[ Intraday ] EICHERMOT Short Betr : R ratio is 1 : 2 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:EICHERMOTShort
by Prem_Agrawal
Eicher Motors : Intraday Trade| 17th MayStock has been trading in a range which is getting smaller and smaller. Volumes have been decreasing all this month. If stock breaks lower TL (2400 levels) then can target 2375, 2355 and 2330 levels. Consider upside (1-2%) if upper trendline breaks and stock crosses 2485 successfully. P.S. As usual fall would be quite faster compared to the rise. Looks likely to fall and test the support zone on the downside however either side movement is possible.
NSE:EICHERMOTShort
by Novicetrader2015