EICHERMOT trade ideas
Eicher Motors looks weakSell Eicher Motors @CMP 23090 for the targets of 20000 and 19500. SL would be 24190.
Happy Trading!
Rachit
EICHER MOTORSAfter a upgrade by rating agencies Eicher motors has crossed over from a downward channel.
IT is a BUY
EICHER MOTOR TRADING IN CHANNEL PATTERNAs per channel pattern 20000 can be act as resistance on weekly basis
Bullish on one hour chartBullish Shark Pattern formed on one hour chart... Refer the chart for levels.
Sell EicherMotors if it breaks below 20076 with a SL of 20542 wiSell EicherMotors if it breaks below 20076 with a SL of 20542 with a target of 19155
EICHER MOTORS(Daily) : Curbed by resistance..!EICHER MOTORS (Daily) posted a strong rally into strong Fibonacci cluster resistance around 19200 has curtailed the upmove. The immediate downward reaction and inability to move higher is attracting some selling interest once again. Momentum is showing signs of weakness adding to the developing bearish bias. Any move below 17600 could be an invitation for more downside in the coming week.
Idea Sourced From
NeoTrader
trade.chartadvise.com
EICHER - WAIT FOR SOME TIMEEICHER SCRIP IS GETTING GOOD SUPPORT AT 17,500 LVL FOR THE PAST THREE DAYS.
ONCE THE SCRIP ENTERS THE BULLISH ZONE (ABOVE PRICE LEVEL OF 18200), THE PRICE IS POISED TO MOVE TO 19000+ LVLS IN THE COMING WEEKS.
STOP LOSS AT 17120 LVL MAY BE CONSIDERED.
HIGH RISK BUY CALLHave given a high risk buy call in EICHER MOTORS on my Twitter Handle (@TradeTechnicals). The view was;
HIGH RISK TRADERS CAN BUY EICHER MOTORS BETWEEN CMP 15720 - 15550 FOR TARGETS 16700, 17000 & 17250 WITH PROTECTIVE SL BELOW 15000 ON CLOSING BASIS.
EICHERIf crosse 17120 then possible upside moves till green lines marked.... 1st hurdle 17500
This is due to downards wedge broken upside...
Bull or Bear has a profile- Volume Profile (EICHER MOTOR)chart shows how we captured this up move with volume profile
volume profile can help you to understand the real value of bull and bear, so that one can make better trading decisions.
