Eichermotors Short (only when it breaks)Short if the price go below 2475
Stop Loss 2555
Target 2315
Reason for short: Head and Shoulder Pattern
Disclaimer: Please do your own analysis and don't follow me blindly
EICHERMOT trade ideas
Eicher Motor - Tri Sangam Chart PatternTri Sangam chart pattern is found in Eicher Motor.
1. Rounding Top
2. Head & Shoulder and
3. Inverted Cup with Handle
Multiple confluence hints that if price fall below 2400 all of the above mentioned chart patterns will active and the best part is that targets 1850 are same for all patterns. As per H&S or Inverted cup with handle pattern, SL would be around 2700 but the overall structure is week, so we make our Stop Loss little tighter Rs 2600 (high of Shooting Star).
Please note that there is an important hurdle near 2335, once it break the path of target is clear.
Sell Below 2400
Stop Loss 2600
Target 1 2000 (Important Support and Round Number)
Target 2 1850 (High probability of achieving this target)
Once Price break below 2335 trail your SL 2520
Eicher motors @Buy ZoneAs shown there in d chart,Eicher motor is at support level and ready to give inverted head and shoulder breakout
EICHER MOTORS IN 15 MINS CHART1) FALLING WEDGE PATTERN ( Reversal pattern )
2)MACD DIVERGENCE
3) INCREASE IN VOLUME
Eicher motor broke falling wedge pattern and we can expect upside move. Fibonacci 50,61.8 should be our two targets on upside. Trade at your own risk. Trade safe.
Eicher Motors - Head and Shoulders Breakdown ViewEicher Motors:
Head and Shoulder Breakdown
Retested and Broke again
Short below 2380 with SL 2420
EICHER MOTOR FUTURES SELLING I HAVE BROUGHT ECIHER MOTOR AT ( 24 MAR ) AT END OF THE DAY IN FUTURES SELLING
TILL KNOW I DID EXIT IT
AND YOU SHOULD NOT ENTRY KNOW BECAUSE DOWN TREND IS GETING VERY WEAK I WILL ALSO EXIT TODAY OR TOMORROW
futures selling
entry at 2629.05
exit at 2398.55
lot size 2 (350+2= 700)
total profit TILL KNOW
161000
IM EXPECTING TILL
2L
ONLY FOR STUDY PURPOSE
Head & Shoulder Pattern !The head and shoulders pattern is believed to be one of the most reliable trend reversal patterns. It is one of several top patterns that signal, with varying degrees of accuracy, that an upward trend is nearing its end.
Eicher Motors Head and shoulder Eicher Motors Head and Shoulder pattern Neckline break, sell now for a first target of 2400 then see how it reacts at 200 EMA, if it breaks then we can see more downtrend till 2200, 2100 and 2015
Eicher Motors - Head & Shoulder Pattern - ShortDear All,
Eicher Motors has formed the Head & Shoulder pattern.
The script has broken the neckline but its was huge gap down it may retest to 2550
Hence, upon retest and script not closed above the neckline in the daily time frame
go for Short.
SL - 2721
Target - 1920 - 1900
Disclaimer: Kindly do your own analysis before executing this trade.
H&S break down EICHERMOTORSProminent Head and Shoulder break down today (12/4/21). Potential 20% down side possible. Support zone at 2000
OCCUR HEAD AND SHOULDERS CHART PATTERN IN EICHER MOTOS PRICE CAN GO DOWN ITS OPPORTUNITY SHORT TERM FOR SELL BCZ OCCUR HEAD AND SHOULDERS CHART PATTERN IN EICHER MOTOS
bullet needs servicinghead and shoulder pattern is made...... only after 2360 with good volumes it will breakdown upto 2100 with sl of 2480.
also how it breached from its resistance.....
EICHERMOT - Short Opp @ 2588.95 - 2-10 day targetNice 4.5 RR opportunity (i.e. 3.88% profit) potential
Head & shoulders (1W, 1D) - with support at 2338Formation of head and shoulders in day and weekly candle.
Good support comes around 2338 as shown.
#Eichermot cash : Looks good above 2560#EicherMot cash -Positional call
07.04.2021
Looks good above 2560
Stoploss 2530
Target 2618/2660
Cmp 2536
