EICHERMOT trade ideas
#EICHERMOTORS CASH : RESISTANCE AT 21500...#EICHERMOTORS CASH
17.08.2020
LOOKS GOOD AROUND 20800-20900
STOPLOSS 20500
TARGET 21400-21500/21900/22400
CMP 21100
(STRONG RESISTANCE 21500)
Eicher Motors at important Decision ZoneEicher Motors is at an important price area. Lookout for reversal or breakout to the upside above Rs 22,300
Eichermot Daily Analysis_17/08/20a. Zone: Strong Bear
b. Resistance 1: 22201
c. Resistance 2: 22763
d. Support 1: 19811(Double Bottom Bullish Pattern)
e. Support 2: 18828
NSE:EICHERMOT
Bearish crossover Eicher motors make bearish crossover. It can sell at current level with sl 20500, target 18750
Eicher Motors - ShortNote: This is for educational purpose only.
There is a channel bearish breakout with high volume. Moreover, RSI below 50 indicates loss of momentum.
Eicher Motors Long @ Rs. 20100 Entry 20100
Target 21500
SL 17690
Eicher Motors is currently trading at 20130. the cmp has support from 19800 to 20100 for daily DZ and 19800 to 19975 for 1 Hr DZ which makes it an strong DZ.
Enter in trade at 20100 and hold for 10-12 trading days.
BSE:EICHERMOT
Bullish viewEicher motors have strong support and resistance zone it can be buy at current level with strict stop loss and profit. it's BTST call
EICHER MOTORS BEARISH SENTIMENTSIt is just my personal view, please trade according to the advise of your financial advisor.
PS : I am not a technical analyst, neither a SEBI registered advisor,
Please do Like and comment, if you agree with my view.
EICHER MOTORS Pure support and resistance based AnalysisHi guys this is Trader Kanishk
In this video i have analysed EICHER MOTORS
Points discussed in the video:
Why to go long
has it taken support
trendline breakout
new support levels
new targets
new stoploss levels
entry levels for sharp entry
and many more.
Please
Watch the entire video
GO for It
DISCLAIMER
Every thing i have discussed in this video is only for educational purpose, do not consider this as a tip, or i am not saying you to buy or sell the stocks. This is all upto you. I am only sharing my analysis and views up to you. Trading is risky, so manage your risk reward before getting enter into any position.
One more very important thing
Guys let me tell you that i am a trader and a trader have a winning probability of 50-65% no any trader is there who have a winning ratio of 100% . Who says you that i am having a 100% winning strategy then F**k these type of people and try to be correct only 50 - 60 % of time which will give you a lot of money if you properly follow the risk reward ratio .
EICHER MOTOR SHORT TERM VIEW This is my first view on Eicher motor. After learning from the last 1 year.
In Eicher motor one can go for short for 1 to 2 weeks.
It shows the divergence on the daily candlestick pattern.
target 1:- 18500-18400
target 2:- 17500-17300
target 3:- 16500-16300
correct me if I am wrong.
Any suggestion most welcome
thank you !!!
Eicher Motor (Elliot Wave)--Target 23573Currently Eicher Motor is in Impulse Wave (Wave 4). We can expect a targetgt of 23573.
How we traded this move I think some people who have failed miserably in their trading system they keep commenting as Failed ? in others post
This is how we trade and this is how take every decision in orderly manner
Here you can learn one Important information
The Pain of discipline is far less than the pain of regret ,
The disciplined approach will always give you the better results including Decision to Exit , Take the Pre-defined stop ,
I am attaching my private chart where the instruction of entry was described , it was clear message only when doji is formed we will take the position on Daily Time frame basis , and we did took the trade form 18640 to 21550, You also see the target was reached exactly and trade completed in Futures contract ,
Please take a look
Good luck
EICHERMOTORS Intraday Trade Based on NR7 and VolumePrice broke previous day resistance with wide range candle and Volume. Wide range Buy candles were coming in with Volume. A/D reduced to 35:15 from 41:9 when I took this trade, but was still Bullish. If 21050 held, 21300+ could be hit. But, 21050 didn't hold and broke down with volume. The Price ranged for the rest of the day. Overall 2.5R profits booked. The stock was selected based on NR7 and Volume strategy.
EICHERMOTOR INTRADAY TRADE SETUPThe TrendLine has been broken and there is also a triangle pattern formation. A trade can be initiated upon breaking of the triangle.
THE STOCK IS TRYING TO BREAK SUPPORT IF IT WILL THEN SEE DOWSIDEsell belove blue line on 15 min closing basis.green line is target zone .red line is stoploss
Eicher Motor Broken Two Years Trend line !!!Looks like Eicher motors has broken TWO YEARS trend line drawn from April'18.
Can go LONG in it, if it crosses 20310.
