Get started
Eicher Motors LimitedEicher Motors LimitedEicher Motors Limited

Eicher Motors Limited

No trades
See on Supercharts
OverviewFinancialsNewsDocumentsIdeasDiscussionsTechnicalsForecastSeasonalsOptionsETFs

EICHERMOT trade ideas

Today’s volume was peak with a small body candleThe stock has been falling since last few months after creating a top in November. During the last 5/6 sessions we notice a surge in volumes as well. Today’s volume was peak with a small body candle (now this create a anomaly between price and volume) we should expect large candles with large volumes but that has not been in this case, especially the last candle! Well these are signs of exhaustion of a trend. The stock fell only 2.64% in during today’s sell off! The RSI is into extremes OS region, these levels were noticed in July last year following to which the stock rallied hard! From an investing point of view positions can be created in the stock. From a trading point of view a move above 16700 may push the stock to 17300, 17600 & 18000 levels. Any failure to save the days low may push the stock down to 15000 zones.
NSE:EICHERMOTLong
by BharatJhunjhunwala
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
NSE:EICHERMOTLong
by ShreeKrishna_F