EICHERMOT trade ideas
EICHER MOTOR | Trapped in a TrianglePossible breakout on Downside..will wait for confirmation candle close. 2400 looks good round level. let see how it reacts!
Evening Star formation on daily candle
EICHER MOTOR - Wait for a breakout. Going to be a beautiful eye EICHER MOTOR - Wait for a breakout. Going to be a beautiful eye pattern on the 15-minute chart.
This is just our opinion, which is the purpose of education. Be sure to consult your financial advisor before you invest. We do not advise you to buy or sell.
Eicher motors looking goodEicher motors looking good on charts
Price action indicating bullish sign
Above 2460 it could be a good buy
Keep an eye on it
DISCLAIMER
( Educational Purpose )
All investments involve risk.
Please Do your analysis before initiating Any trade
Good luck !
EICHER MOTORS. TIME TO BUYEicher motors have recently made a head and shoulder pattern (in 1 day chart). so its is good to buy when the price breaks and closes above the neck line. only for swing trading
EXPECTING A BULL RUN IN EICHER MOTORSif daily time frame candle close above 2500 than go for long in Eicher motor for long term investment
Target 2700,2800,2900,3000
Stop loss =2290
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Eicher - Long TradeEicher has made a lower low @ 2317 and subsequently went to make a HH, It gave a pullback and has resumed its upward journey.
Any strength close above 2522 can take the stock to 2700 level.
Disclosure -> Above analysis is only for educational purpose. Trade at your own risk. NSE:EICHERMOT
Eicher Motor ,Head and shoulder patternLogic
1) H&S pattern formation
2) Major trend is sideways, (if we see for a long term trend )
3) Even after breakdown we have to wait for the supportzone, so taking a short call should be with confirmation.
4) 200 moving average is acting as support ,closing below it will intiate a fresh selling.
I am not recomending anything it is just an observations
Eicher Motor - At DilemmaEicher motors has formed a very famous pattern of Head and shoulders and got reversed from its support but it is also taking a retest from the trendline of H&S. Can it be reversed in the coming future? Keep a look!!
Eicher: Looks set to resume its journey downAfter a strong bounce yesterday after TVS surprised streets yesterday with good margins, Eicher is expected to resume downward journey. It has a confluence of resistance 21 VWMA and 55 VWMA. If stock now sustains below 2600 it can be in for a decent correction.
Eicher Motors Breakout Eichermot broke out exactly at the 200DMA. Good zone for potential upside from here. Will be trading every rally for a couple more weeks. If nifty also starts to move it will be catalyst for Eichermot.
WAVE B BEGINNING OF WAVE Y.CURRENT STRUCTURE:WXY DOUBLE CORRECTION
CURRENT LEG:WAVE Y(ABC)
CURRENT INTERNAL STRUCUTRE: WAVE A COMPLETION
LOOKS LIKE EICHER MOTORS HAS COMPLETED IT'S WAVE A OF HIGHER DEGREE WAVE Y SECOND CORRECTION.PRICE IS MAKING HAMMER CANDLE STICK PATTERN WHICH IS A SIGN OF BULLISH REVERSAL.ALSO PRICE WISE IT HAS A SUPPORT OF 61.8% EXTENTION OF WAVE W @2340.
LONGS CAN BE INITIATED @ CMP OF 2345 WITH A STOP LOSS OF 2298 AND TGT OF 2485.
DISCLAIMER:There is no guarantee of profits or no exceptions from losses. The study provided is solely the personal views of my research. You are advised to rely on your judgment while investing/Trading decisions. Past performance is not an indicator of future returns. Investment is subject to market risks. Seek help of your financial advisors before investing/trading.
I may or may not trade this analysis
