EICHERMOT trade ideas
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.
Eicher Motors Weekly Head & Should Pattern Break OutEicher Motors Weekly Head & Should Pattern Break Out
Eicher Motors | Uptrend Resumes with big bullish candle 🏍🚛Swing Trading opportunity ! Weekly Chart Alert !
Fundamental is good because company is planning to launch their new models
harley Davidson already announced that they are closing all ther stores and factories from INDIA
i.e no Competition
CMP =2560
Target = 2933
Stop-loss = 2160 or below
Lot Size = 350
1) EICHER MOTORS just break the down trendline and closed
2) Volume is more than sufficient
3) Uptrend Is continuing
4) All the possible support & resistance is mentioned on the chart
Guys check out the related ideas as well, it will work really well guaranteed !
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EICHERMOTOR, 1D, FUNDAMENTAL + TECHNICALS (FUNDA-TECHNO)EICHERMOT 1D, is at 52 WEEKS HIGH now.
FUNDAMENTALS: Eicher motors posted NEGATIVE results since 3 quarters and stock still makes 52-weeks high which doesn't look sustainable to me.
TECHNICALS : stock forming DOJI on top and trend reversal may happen .
My view : Eichermot may fall and I'll short ONLY below the Low of doji.
Trgt is near 2300
It may retrace back from 2300 and again start moving in Channel or it may break 2300 level and fall more.
PS: SHORTING ONLY BELOW 2500.
EICHERMOTOR LONG...BO ABOVE 2390 WITH VOLUME MAY LEADS TO GOOD UPMOVE
UPTRENDING STOCK
ACCUMALATION ZONE IS BETWEEN 2154-1950(WHICH IS ALSO FIBBO RETRACEMENT LEVEL)
ABOVE ALL IMPORTANT MOVING AVERAGE
WEAK BELOW 1860
Take a Chance to taste new high Script @ high resistance level of the year
Stochastic Shows Oversold
Above 200 ma says it’s been bullish trend
IS IT THEN NOW ON VERGE OF BREAKING RESISTANCE AND GO FOR NEW HIGH
I would enter @ 2350 with 50-60 pts stop to enjoy new high if comes
And reverse the trade if opposite happens for 2200 as target.
disclaimer do your own study before entering.
EICHER, BEAUTIFUL CHART FOR LEARNING !! EICHER beautiful breaking down the 2 year resistance zone.
I will wait for the 50% retracement.
EICHER MOTORS SHORTSEE CHART
THE BULLISH EXCITING CANDLE IS BIG
SHORTING IS RISKY
SO SAFE TRADER IGNORE
Eichermot - breaks 2 years of resistance !!Price breaks 2 years of resistance and reached the next important resistance quickly. One can confirm the reversal before going for selling.
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Trade setup for Eicher Motors-good opportunity to buy?Hello traders,
take a look at this chart.
details and analysis everything mentioned in the chart.
given in related Idea is a super successful trade similar to this.
Thanks,
Aniket.
