Bullish on one hour chartBullish Shark Pattern formed on one hour chart... Refer the chart for levels.
EICHERMOT trade ideas
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.
Eicher Motors - Bearish Target Over 2 -3 Weeks 15800Has formed a Trend continuation pattern, with Weak fundamentals further down trend expected. Short term bull movement with range of 700-1500 can be made
Eicher Motors chartEicherMotor has RSI Divergence as in chart price is decreasing where as RSI is increasing.
EICHER MOTORS (Eicher Motors Ltd) SELL BELOW 16300EICHER MOTORS (Eicher Motors Ltd) SELL BELOW 16300
