EICHERMOT trade ideas
EICHERMOT REVERSAL SWING TRADE [VOLUME PROFILE]SHORT EICHER MOTOR IN THE RANGE OF 2545-2550
SL - EXIT IF DAY'S CLOSE ABOVE 2609
EICHERMOTOR LOOKS WEAKIn daily & Weekly chart bearish candle formed.
May test 2400/2380/2300
2480-2490 could be the best shorting zone.
Intraday SL 2510 & TGT 2400
2-3 Days :SL 2544
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Eicher Motors | Head & Shoulder patterns | 2 Hrs NSE:EICHERMOT
Swing Trading opportunity ! 2 Hrs Chart Alert !!!
--sell below =2502
--Target = 2401 | 2349.40
--Stop-loss = 2583
--Lot Size = 350
--R:R = 1.88
--Expected Profit = 50.000+ ₹ per lot ( 6% )
Technical Reasons to trade :- 🧢
1) head & Shoulder pattern formation in eicher motors
2) Neckline break with volume & retracement is also done
3) candle wicks on the upper side is very large ...more selling pressure
4) All the possible support & resistance is mentioned on the chart
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Eicher Motors Reverse from hereEicher Motors is down before some days and i think it is complete his consolidate as per Retracement level.
and it is going to Upside in next session
Just my view.
Buy above 2465
SL 2425
Target 1 2600
Target 2 2700
Eicher motors , breaks support !Eicher motors today broke the range it has been trading from last 2 weeks .
Sell below 2486 , target 1 = 2470 , target 2 = 2455 , SL 2510
Buy above 2510 (wait for retest) , target 1 = 2540 , target 2 = 2560-2570 , SL 2486
Eicher Motors - Support Break ViewEicher Motors:
Approaching Support - Can Break
Sell Below 2490 with a SL 2515
eicher motorseicher motors...out of downtrend n now making higher high huge accumulation seen on lower levels
Elliot Wave Projection of Eicher MotorsA possible projection of Elliot Wave for Eicher Motor stock.
Stock is making impulse wave expecting it to break all time high.
Just for educational purpose.
DISCLAIMER:There is no guarantee of profits or no exceptions from losses. The investment advice provided is solely the personal views of my research. You are advised to rely on your judgement while investing/Trading decisions. Past performance is not an indicator of future returns. Investment is subject to market risks. Seek help of your financial advisor before investing/trading.
I may or may not trade this analysis
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EICHERMOT | Weekly strong resistance breakout looks good for 30%EICHERMOT | Weekly strong resistance breakout with Fib & Previous resistance as support now. Looks great for 30%.
May consolidate for some weeks.
CMP : 2553
SL : 2440
Target : 3300
1:6+ Excellent risk reward setup.
Eicher Motor - EducationEducation only.
No Buy Sell suggestion.
Strong support 2500,2490,2480.
Possible for bounce from support.
On BD, it will move towards 2412.
Up T1 2580, 2610, 2640.
Eichermotor 1hr AnalysisEicher Motors is following very good price action and it is facing good rejections at 2600 levels making a proper Head and Shoulders pattern. If the neckline which acts as major support breaks a nice fall is expected with RRR of 1:2. Also, a breakout from the trend line is expected as it is continuously getting rejected from it and a breakout can give good targets with RRR being 1:2.
Breakdown Trade -
Sell-2500
SL-2530
TGT- 2425-2430
Breakout Trade-
Buy-2540
SL- 2500
TGT-2600
Eicher Motor - Shorting Opportunity in IntradayShort Eicher Motors if the price breaks the support level.
Tip - Leave if opens with the big gap down or gap up.
EICHER MOTORS ON 30 MIN TF.NSE:EICHERMOT
GOOD SUPPORT IS SEEN ON 30 MIN TF SUPPORT LEVEL OF 2525 TESTED 4th TIME AND
A PIN BAR CANDLE FORMATION WITH GOOD INCREASE IN VOLUME.
MUST ALSO SEE FOR THE RED SHORT TERM TREND LINE TO BE BREAK.
EICHER MOTORS CAN BE GOOD FOR SWING OR POSITIONAL TRADING.
NOTE - THIS IS JUST FOR EDUCATIONAL PURPOSE.
