EICHERMOT trade ideas
EICHERMOT - ASCENDING TRIANGLEA ascending triangle is a clear cut indication of consolidation followed by a breakout. A BIG BREAKOUT...........
Note:
Avoid the stock if a big gap up or gap down is seen
Enter after the breakout happens and not before it
Do not chase the market, i.e., do not get involved in late entries
Only enter with strict stop-loss and target
This is not a recommendation and is for educational purposes only.
always follow risk-reward and quantity management for the 100% of the times
The above mentioned idea may not work, so beware of the risk you are taking
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Happy Trading!!
Eichermot | Harley Davidson leaved India Harley said in a regulatory filing Thursday that it was discontinuing sales and manufacturing operations in the world’s second most populous country as part of its company-wide restructuring, or the “Rewire” plan, a five-year strategy to reset its business, focus on high-priority markets and tighten up by streamlining models.
EICHERMOTOR now have no competition ,they will rule and planned the new model to launch soon
Go as Per Charts
You guys can change the targets and stop-loss as per your risk management
just go LONG
DON'T forget to check out the related ideas which i have mentioned below
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Will EICHER MOTOR BULLET high?Eicher Motor has formed Flag and Pole pattern. Stock is trading today with higher volume. Stock giving close above 2220 on 1 HR candle willl confirm Breakout and will try to move to 2400.
stock has support around 2175 levels.
PS: Chart and view is only for purpose of learning, Please consult financial advisor before any investment