Superb SetupSuperb Setup📊
EICHERMOT
+ Double Bottom pattern
+ Gap sustained
+ Building up at neck line
+ Above Key EMAs
EICHERMOT trade ideas
EICHERMOT - SWING TRADE - 3rd December #stocksEICHERMOT (1W TF)
Swing Trade Analysis given on 3rd December, 2023 (Sunday)
Pattern: ASCENDING TRIANGLE
- Volume Spike Buildup Near Resistance - Done ✓
- Neckline Breakout - In Progress
- Retracement + Consolidation - In Progress
#stocks #swingtrade #chartanalysis #priceaction #traderyte #eichermot
Eicher Motors - How to trade on Monday
I am giving you a common way of action for all the Indian Stocks. Trade with the flow but do not take delivery of any stock before Thursday i.e. 21St March 2024. Maintain a strict SL 3626.65.
Disclaimer:
I am not a Registered Analyst with any of the SEBI and it is only for educational purposes. Please consult your financial advisor before making any decision. I will not be responsible for any of your profits or losses.
Eichermotor Long setupReason for Long
1. Breakout in weekly chart with volume
2. Price retraced to Fib 30% after breakout
Target1 = 4200
Target2 = 4400
EICHERMOTOR trade analysisHere the price analysis is done and entry target and sl are given at the chart
Eicher motors around the resistance zone (26/02/24)
The stock has taken a nice support from the weekly 20 EMA and has closed around the previous candle close.
There is a resistance zone around 3950-3985. If this resistance is clear and price sustain above the level. There will be chance of stock touch its recent high around 4160 level.
In case there is a pullback and price action near the support zone (3765-3800) shows some positivity, a nice R:R ratio trade can be captured.
Possibility of stock dropping below the support zone is quite less and if it occures, short opportunity will be there upto the next support level.
Major support zone :- 3765-3800, 3600-3625
Positional trades in the stock can be created in this week as per the trend.
On the daily charts market is consolidating and there are chance of a break out. Next thursday being the monthly expiry march expiry options can be trades.
Both side momentum is possible in the stock. Nifty Auto is trading around the ATH.
Wait for the price action on the daily charts and enter accordingly.
Eicher in Downtread - Target 3600Eicher is in downtread, showing weakness. Sell at 3920 for target of 3600. SL is 3965.
Not a SEBI registered. do your own analysis.
Eicher Motors - How to trade on Monday
Please read the notes on the chart and act accordingly.
Disclaimer:
I am not a SEBI Registered Analyst and it is only for educational purposes.
Let you grow. May! I follow you.
EICHER MOTORSEicher Motors on weekly charts looking good for such a big opportunity getting perfect support after breaking its major hurdle, good for swing as well as Long Term Investing
KEEP ON RADAR
Eicher Motor - Cup & HandleCup & Handle pattern in hourly time frame.
Breaokout - 3930
SL - 3800
Target 4150/ 4300
Eicher Motor RevershalAs per weekly chart in the stock, trend revershal seen from previous resitence, so one can look fot call option of Feb or Mar expiry of 3900 and 4000 strike price, the stock is heading towards 4200 and 4500 levels in the coming days.
EICHERMOT: Bullish Momentum Indicates Potential Rally AheadEICHERMOT, as of now, exhibits a promising trend with its stock trading within a rising channel pattern. Targeting the first milestone near the all-time high resistance of 4200. If the stock maintains its position above this resistance level, there is a possibility of witnessing a more substantial rally in the future. Investors may find this development intriguing and could keep a close eye on the stock's performance.
EicherMotor on Retracement Now. wait for PAEicher motors after made a higher high and Consolidated,
to kickout weak hands out, stocks came down for retracement.
Wait for the levels mentioned to see PriceAction and Enter into trade with StopLoss.
Good RR for Swing Trade.
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.
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.
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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.
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