EICHERMOT trade ideas
Eicher Motors - Head and Shoulder PatternThough this seems to be perfect head and shoulder pattern, However this will be marked as invalid because target would come as zero.
And there are no issues with company financials, What we can do is just avoid investments in this counter until it closes above 17000.
Not recommending to short
what are indicators and how they will help you I have made small efforts in explaining about function of price and function of time
where you can get the help of indicators , how the basic wave principle works , why you need proper education on all the technical aspects
What are the actions you can to improve your trading knowledge
Good luck
Next move One can look for trading in the Zone , if you want to know how to trade in the Zone then you can look to down load mark Douglas book trading in the zone and you will understand how to trade this kind of set up
The bear trend is not over yet for this scrip , any rally and pause is a opportunity for sell set up trades
Good luck
EICHERIt has activated an Ichimoku C Clamp in higher time frame and hourly is indicating a possibility of a fresh breakout. It could retrace till 15500 provided it does not go below 13250
EicherMot Cup & Handle PatternEichermot NSE:EICHERMOT trading above cup and handle pattern and now stock can move towards 14,400-14,700 with the help of 13,700 support level.
EICHER MOTORS - Accumulation ZoneEicher Motors had huge price expansion run from 4k to 33.5k
current fall is too hard for investors and at 12k it still doesnt makes a stop
fibonnaci levels suggest a possible stop at 10500-10600 levels completing 78% retracement
and to add some cushion one can considers price correction till 9700 levels
NOTE: One should consult their financial advisor before making any decision to buy or sell equities
EICHERMOT ShortBased on price action .. expecting EICHERMOT to continue in the downtrend
DISCLAIMER : All the articles posted are for analysis purpose only , any trade taken shall be under your own analysis and risk
EICHERMOT, Idea for Profit 02-Apr 2020Price Action Pattern : Head & Shoulder
Daily view : Retraced neck line and continuing down movement
Always follow risk management while trading. Saving capital is more important than profits.
Kindly join me for more price action based charts for learning. I regularly post many intraday calls along with charts and logic behind them to help new traders learn true potential of price action trading. Reach out for more details.
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Regards
Piyush Gupta
Short Eicher for Target of 10200Short opportunity at current levels and Trail SL from current levels to every 100 points
EicherUnless the monthly candle manages a close above 15200 this bearish H&S breakdown is suggesting 11500-12000 (Ichimoku support + 62%) and if that gives way then all the way down to 5000. Please don't forget this is a monthly time frame outlook. It can take all the sweet time in the world to get there.
Eicher Motors Trend Analysis & DisInvestment !!Follow Chart Pattern.
Educational Purpose.
EicherMotors Showing Head & Shoulder Pattern which Shows Possible Fall in the Script.
Hence It should be Exited/Removed from Portfolio.
