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.
EICHERMOT trade ideas
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
Enter Long in Eicher Motors at current levels! Pullback Coming..Enter long in Eicher Motors at current levels (2515-20) as expecting pullback from current levels.
Immediate resistance and Target will be at around 2580 and on the lower side expecting 2495 to act as Support also or SL if moves below that.
LONG - 2520
TARGET - 2575-95
SL - 2490-95
EICHER MOTORS FOR SWINGEICHER MOTORS good for swing trade. Buy near 2700-2710 with a Stop Loss of 2660 and target of 3367.
Time frame 2-3 months.
EICHER MOTORS- 300 Points to come, once Neckline breaks.It has been forming a Head & Shoulder Pattern for the past many days and finally now in the zone of crossing Neckline at the downside of Right Shoulder.
Risk taker could enter now as like me ( today ) at 2610. For other could wait for the Zone of post 2535 for 2230.
Note: This is just my analysis + opinion and not a recommendation or promise and I may be wrong as always
Eicher Motors Let it return to our demand zone .
Chart open for discussion , post any queries if u want !
