EICHERMOT trade ideas
Long( Counter trend move ) One can take small risk on Futures contract for this counter trend move , this one will be moving for one sharp move ,
Look to enter and book near the target
EICHER MOTORSThe eicher motors now forming wolfe wave but the nifty auto there is not supporting to pullback so take a trade carefully..
support levels 18355 to 17817..
EICHER MOTORS EW VIEWEICHER MOTORS will fall more with SELL CMP 18,703 SL 20,000 for TGT 17,000
for long term TGT 12600/9600
as per my view...........Lets see
Effective buying @ current price in Eichermotor - priceaction Effective buying @ current price in Eichermotor - priceaction
Long This scrip is highly volatile , due to which i had to switch to Ranko Bar , Box size of 225 Points
the scrip has corrected and moved out form Ending diagonal , One can visually identify that the down move pattern is zig zag and usually
ZigZag are reflective in nature
What i mean is if down move is in ZigZag the up side move is very high likely Zigzag move with 100 % movement in the price
on daily its still bearish sign but i do look the noiseless chart its clearly showing its about to make turn around
One can position Long in future contract ( Preferably March ) for next up side move
Book using trailing stop on daily low basis
Good luck
BUY Eicher MotorsThe descending Wedge is a bullish pattern that begins wide at the top and contracts as prices move lower. This price action forms a cone that slopes down as the reaction highs and reaction lows converge. In contrast to symmetrical triangles, which have no definitive slope and no bias, falling wedges definitely slope down and have a bullish bias.
EICHERMOT Inside Bar TradeLong if it breaks the high of the previous day with a stop loss at the previous day's low.
Short if it breaks the low of the previous day with a stop loss at the previous day's high.
In case of gap up above the previous day's high or gap down below the previous day's low, please avoid buying it or selling it respectively. Follow the ending of the candle formed in first 5 minutes and follow ORB strategy.
SwingLong#EICHERMOTOR looking good for long. Will consider buying if it trades higher on next session with a #SL of 20500 DCB.
Eicher Motors Long @ Rs. 19510 NSE:EICHERMOT
Entry 19510 & 18450
Target 22090
SL 17925
Eicher Motors is currently trading at 19860 . Price is above the DZ , Long at Rs 19510 which is above the daily DZ
and add the same qty at Rs 18450 if prices reaches at that level, there are two DZ formation so price may reverse
from the any of the zone. SL is Rs.17925/-
EICHER MOTORSThe stock has formed Bullish Harami pattern at support of 200 day moving average. We can go long above 20500.
TGT- 21000/21300/21700. SL- 19750.
eicher motor - coming to long positionThough this stock has proven wrong to many fundamental as well as technical experts wrong, i feel its giving opportunity to enter in it,
levels on chart
