Eicher Motors- Breakout and retrace complete. Stock has also taken support at 200DEMA
This is for educational purpose.
if support seen on Monday on hourly basis, I might go for futures.
Take trade wisely.
EICHERMOT trade ideas
TRIPPLE TOP BREAKDOWN IN EICHER HAPPENINGEICHER after tripple top formation breakdown happening below 3850. 3750 is small support but stock can likely to see 3500-3550 levels soon. View invalid above 3930 on 2 days closing
EICHER MOTORS @ 3850-3900Add Eicher motors
CMP @ 3900
keep your buying @ 3850-3900
Target : 3980/4050/4100/4165/4200+++
Stoploss : Own
Trade at ur own risk
Education purpose only - EMOTCup and Handle
When BO happen from the neck line.. stock should give a immediate move
Longer the duration strong the BO.. this is monthly BO
Entry > 4120
SL BO level
Target as per Risk
ADX positive and RSI in buy zone..
EICHERMOT LONGEicher motor is sustaining at major support level where we have already seen a great upward momentum in the past. Also as per the trend and channel which has been formed it confirms a greater probability for long trades.
The risk to reward ratio is favorable and can give good returns.
What are your views ?
Target and SL mentioned in chart lets see how it responds
Long Eicher Motors Long Eicher at CMP as it took new highs in the market along with Support of Master candle.
Stoploss :- 3800/- Target till 4400 and 4800.
Long Jan-2024 Futures and Buy 4400 CE of Dec-2023.
EICHERMOT | Swing Trade📊 DETAILS
Sector: Automobile - LCVS/ HVCS
Mkt Cap: 94,717 cr
Eicher Motors Limited, incorporated in 1982, is the listed company of the Eicher Group in India and a leading player in the Indian automobile industry and the global leader in middleweight motorcycles.
Eicher has a joint venture with Sweden’s AB Volvo to create Volvo Eicher Commercial Vehicles Limited (VECV). VECV is engaged in truck and bus operations, auto components business, and technical consulting services business
TTM PE : 29.39 (Low PE)
Sector PE : 52.85
Beta : 0.83
📚 INSIGHTS
Strong Performer
Stock with consistent financial performance, quality management, and strong technical momentum indicating good investor enthusiasm. Currently valued at Good to expensive valuation
10.84% away from 52 week high
Outperformer - Eicher Motors up by 2.67% v/s NIFTY 50 down by -1.36% in last 1 month
📈 FINANCIALS
Piotroski Score of 5/9 indicates Average Financials
Disclaimer: This analysis Is For educational purposes only, And I'm not a SEBI registered analyst.
If you found this analysis helpful, I encourage you to like and share it. Your observations and comments are also welcomed below. Your support, likes, follows, and comments motivate me to consistently share valuable insights with you.
🔍 More Analysis & Trade Setups 🔍
For more technical analysis and trade setups, make sure to follow me on TradingView: www.tradingview.com
upside move to 4000 levelwe can see that this stocks is forming a ascending triangle and take support in 200 ema if it'll sustain the ema the next move will be upside to 4000 level
almost 2 months this stock is moving in a range.
major resistance- 3300
$NSE:EICHERMOT Is Eicher Motors going to Bullish today ?NSE:EICHERMOT Is Eicher Motors going to Bullish today ?
Ignore if huge gap down or gap up.
Follow strict stop loss.
Do your own research before investing or trading in any stock or indices.
Disclaimer:
This is not a financial, investment or trade advice. Its only for educational purpose.
veryInterestingSetupAll levels are marked on the chart itself.
Take a proper position size and use trailing SL.
--- --- ---
Don't judge each day by the harvest you reap but by the seeds that you plant.
- Robert Stevenson
Eichar Motors
NSE:EICHERMOT has given a MACD & DMI Crossover,
Currently Moving in a Triangle Pattern, also about to break Ichimoku Cloud and to give a Bollinger squeeze breakout all at the same time.
Buy above 3450 For Targets:-
T1- 3565.60
T2- 3610.85
T3- 3675.90
Swing trade opportunity in EICHERMOTSwing trade opportunity in EICHERMOT
Entry - 3413
Target - 3740
DISCLAIMER: I am not SEBI registered and the ideas posted are only for educational purpose. Always trade with proper STOPLOSS.
Buy Eicher Motors @ 3050-3090As we can clearly see here EICHER MOTORS is consistently performing with its channel and with its help we can see that is current support is around 3323 , which it already touched . now it will rise a lot
Target -3790
Stoploss - 3300
Note - This analysis is only for educational purposes , Trade at your own risk .....
Wonderful stable rise . Buy for less and medium risk trader. Wonderful stable rise . Buy for less and medium risk trader.
Stop loss and hedge must.
The only thing that you can be sure of is Stop loss .
Eicher Motor -09.11-2023If trigger line crosses over 64.45, may reach to 72.81, Cash price 35-45-
If trigger line crosses below 55.94, may reach to 45.94, option price 35--65
eicher motor - long price about to break from a triangle pattern
inside bar formation above 200 day EMA
Eichermot Bullish breakout in Eichermotor.Target is 4680 and SL 3120. Wait for this weekly candle close then enter.
Eicher Motor- Intraday 03.11.2023If Trigger Line Crosses over 52.32, may reach 66.84, in cash 45-70 Rs.
If Trigger Line Crosses below 43.65, may reach 34.25, in cash 22-30 Rs.
Eicher Motors 3384 Support LineEicher Motors 3384 dated 25-10-2023
1. Today's candle @ support line
Sell below 3365 target 3325-3290-3275-3250
SL 3410
It is just a view, please trade at your own risk.
EICHER MOTORS VIEWEicher Motors probability move for april and may 2023
PROBABILITY.
1) On daily basis eicher motors given break out, so this break out is near its resistance level 3213,
and on 45 min it is showing long wicks means bigh players are doing there profit booking.
2) so in coming few days it may retest it break out level again if retest and rebounds then definitely will move upside Till 3540.
3) and if it not sustains its break out level and moves down then definietly it will will 2815.
so wait and watch and take proper decisions.
(Note- this observation is for study purpose only)
EICHARMOTORStocks trading near 4day Low with rising volumes and closing strong, indicating a possible breakout
I am not SEBI register Advisor and I am not any trade and tips recommend here, This Idea post on this Channel Only for educational knowledge & learning purpose, I am not provide any trading tips, Before any Trade Advice your Financial Advisor, I am not responsible any profit and loss
Eicher Motors is still bearish in Week Fibonacci is drawn
It is a Flag and Pole pattern
A sudden downfall can come
Don't make any positions
After test 3167 make a position for long
EICHER MOTORS: 4H | Buying Opportunity!EICHER MOTORS -4H Analysis
𝑨𝒍𝒍 𝑰𝒎𝒑𝒐𝒓𝒕𝒂𝒏𝒕 𝑳𝒆𝒗𝒆𝒍𝒔 𝑴𝒆𝒏𝒕𝒊𝒐𝒏𝒆𝒅 𝒐𝒏 𝑪𝒉𝒂𝒓𝒕.
Support Zone: 3442-3460
𝑻𝒂𝒓𝒈𝒆𝒕𝒔 would be 3539, 3581 and 3636
𝑭𝒐𝒍𝒍𝒐𝒘 𝒖𝒔 𝒇𝒐𝒓 𝒅𝒂𝒊𝒍𝒚 𝑪𝒉𝒂𝒓𝒕 𝑨𝒏𝒂𝒍𝒚𝒔𝒊𝒔. Also Click on boost to support us.
𝑻𝒉𝒂𝒏𝒌𝒚𝒐𝒖,
𝑯𝒂𝒑𝒑𝒚 𝑻𝒓𝒂𝒅𝒊𝒏𝒈😍
