Stock analysis for tommorowlets see what happen guys tomorrow we have done our homework before market so let see in live market tomorrow
EICHERMOT trade ideas
Eicher Motors : Rounding BottomRecent good sales numbers and the advance of 26% in Royal Enfield demand led the Eicher motor to recover from its 2400 Level to 2700.
Good Q3 results can lead it to further 2900 Levels on a positional basis for 2-3 weeks.
All levels with SL and Targets are marked on Chart.
DISCLAIMER: Please consult with your advisor before making any decision.
Rounding bottom formationStock is making rounding bottom above 200MA, we can clearly see volumes of bulls while formation of rounding bottom.we missed the stock near 2200 . Simple price action with 5% sl.
SHORT EICHERMOTNSE:EICHERMOT
Technical: Bearish Harmonic Pattern
Current Market Price: 2760.85
Expected Reversal Zone: 3000 TO 3029
Setup: We can expect EICHERMOT stock to show some signed of Reversal at the levels between 3000 TO 3029 as per the Bearish Harmonic Pattern. Do mark these levels as alerts in your System. And we are going to witness the Power of Harmonics. Targets will be updated once levels get active.
Harmonic Pattern: Trade are only on Reversal and you can find this Reversal well in Advance - Follow me here to experience the Power of Knowledge.
EICHERMOT, POSITIONAL PICK OF THE WEEKAll levels mentioned on chart
Simple price action analysis & continuous practice is way to succeed in stock market.
Thanks
Piyush Gupta
Learn & Earn
Eicher Motors : Long Stock is bullish on higher timeframe and is trading above 50/ 100 and 200 SMA. RSI is bullish. Entry: 2800-2840 SL: 2608 , Target 1: 3155 Targett 2: 3860 ( This is only for educational purpose) please trade at your own risk.
Can EICHER MOTORS ride further ?EICHERMOT has given breakout from its 3-yr trendline. It can make a good up move from current levels.
Cheers! This is as per my Analysis. Feel free to share your view about this. Please do your analysis before trading/Investing.
Happy Trading.
Eicher motor bulish viewEIcher Motor Setup CMP 2531. setup breakout and retest breakout area then bounce from same lvl we can see 2727,3000 lvl in few days below 2333 closing view change.
Before jump into trade do your own analysis . chart is only for learning purpose
Eicher Motors - Buy in DipsCurrent market price - 2475.20 (as of 12/15/2020 market closing)
Stoploss - 2358
Diverging Triangle pattern .
if breakout happens with high volumes: Target1 - 2646, Target 2 - 2945, Target 3 - 3088
This is only for educational purpose .
Buy Eicher MotorBuy Eicher Motor CMP 2518 Stoploss 2385 Target 2660
Study : Downtrend Channel Breakout
After a small correction it appears Eichermot might head higherAfter a small correction it appears stock might head higher towards 2600/2650/2700 as long as 2480 in not taken on the downside.
All trading strategies and ideas shared are to be used at your own risk.
best opertunity for short term entryhi friend
please keep this eichermotors share in your radar it is good entry for current price. because break the resistance and re tested and flag pattern also break if your take the position on current price keep the stoploss at 2350 and TG1 2750 TG2 3000
