Eichermotors Eichermotors after long consolidation around 4000 possibly can break above 4100 for targets 4500 plus
EICHERMOT trade ideas
Eicher motor analysisPrice may move high after crossing the line was said at previous analysis then now altered the line due to market reactions and now moving higher level
Eicher Motor LongThe following positive observed :-
1. MACD reversal on weekly chart.
2. RSI bullish at 59.
3. Weekly bullish candel after a long time.
4. Auto sector in bullish trend.
5. Small hurdel at 4150, once this crossed, 4500 levels will come soon in Apr series.
So, keeping in view of above mentioned factors, one can buy 4000 CE of Apr series or 4100 or 4200 for Apr series.
Rally on cardsEicher - CMP 4020
Fibs- the full retracement to 61.8% is indicating that the trend is strong but is loosing momentum. Hence the rally has to be taken with a pinch of salt.
Fib ext is giving me two tgts one at 4500 and the other at 5400. In my view along with trendline resistance at 5400 is a likely zone of strong resistance and one should book profits there.
Superb SetupSuperb Setup📊
EICHERMOT
+ Double Bottom pattern
+ Gap sustained
+ Building up at neck line
+ Above Key EMAs
EICHERMOT - SWING TRADE - 3rd December #stocksEICHERMOT (1W TF)
Swing Trade Analysis given on 3rd December, 2023 (Sunday)
Pattern: ASCENDING TRIANGLE
- Volume Spike Buildup Near Resistance - Done ✓
- Neckline Breakout - In Progress
- Retracement + Consolidation - In Progress
#stocks #swingtrade #chartanalysis #priceaction #traderyte #eichermot
Eicher Motors - How to trade on Monday
I am giving you a common way of action for all the Indian Stocks. Trade with the flow but do not take delivery of any stock before Thursday i.e. 21St March 2024. Maintain a strict SL 3626.65.
Disclaimer:
I am not a Registered Analyst with any of the SEBI and it is only for educational purposes. Please consult your financial advisor before making any decision. I will not be responsible for any of your profits or losses.
Eichermotor Long setupReason for Long
1. Breakout in weekly chart with volume
2. Price retraced to Fib 30% after breakout
Target1 = 4200
Target2 = 4400
EICHERMOTOR trade analysisHere the price analysis is done and entry target and sl are given at the chart
Eicher motors around the resistance zone (26/02/24)
The stock has taken a nice support from the weekly 20 EMA and has closed around the previous candle close.
There is a resistance zone around 3950-3985. If this resistance is clear and price sustain above the level. There will be chance of stock touch its recent high around 4160 level.
In case there is a pullback and price action near the support zone (3765-3800) shows some positivity, a nice R:R ratio trade can be captured.
Possibility of stock dropping below the support zone is quite less and if it occures, short opportunity will be there upto the next support level.
Major support zone :- 3765-3800, 3600-3625
Positional trades in the stock can be created in this week as per the trend.
On the daily charts market is consolidating and there are chance of a break out. Next thursday being the monthly expiry march expiry options can be trades.
Both side momentum is possible in the stock. Nifty Auto is trading around the ATH.
Wait for the price action on the daily charts and enter accordingly.
Eicher in Downtread - Target 3600Eicher is in downtread, showing weakness. Sell at 3920 for target of 3600. SL is 3965.
Not a SEBI registered. do your own analysis.
Eicher Motors - How to trade on Monday
Please read the notes on the chart and act accordingly.
Disclaimer:
I am not a SEBI Registered Analyst and it is only for educational purposes.
Let you grow. May! I follow you.
EICHER MOTORSEicher Motors on weekly charts looking good for such a big opportunity getting perfect support after breaking its major hurdle, good for swing as well as Long Term Investing
KEEP ON RADAR
Eicher Motor - Cup & HandleCup & Handle pattern in hourly time frame.
Breaokout - 3930
SL - 3800
Target 4150/ 4300
Eicher Motor RevershalAs per weekly chart in the stock, trend revershal seen from previous resitence, so one can look fot call option of Feb or Mar expiry of 3900 and 4000 strike price, the stock is heading towards 4200 and 4500 levels in the coming days.
EICHERMOT: Bullish Momentum Indicates Potential Rally AheadEICHERMOT, as of now, exhibits a promising trend with its stock trading within a rising channel pattern. Targeting the first milestone near the all-time high resistance of 4200. If the stock maintains its position above this resistance level, there is a possibility of witnessing a more substantial rally in the future. Investors may find this development intriguing and could keep a close eye on the stock's performance.
EicherMotor on Retracement Now. wait for PAEicher motors after made a higher high and Consolidated,
to kickout weak hands out, stocks came down for retracement.
Wait for the levels mentioned to see PriceAction and Enter into trade with StopLoss.
Good RR for Swing Trade.
Eicher Motors- Breakout and retrace complete. Stock has also taken support at 200DEMA
This is for educational purpose.
if support seen on Monday on hourly basis, I might go for futures.
Take trade wisely.
TRIPPLE TOP BREAKDOWN IN EICHER HAPPENINGEICHER after tripple top formation breakdown happening below 3850. 3750 is small support but stock can likely to see 3500-3550 levels soon. View invalid above 3930 on 2 days closing
EICHER MOTORS @ 3850-3900Add Eicher motors
CMP @ 3900
keep your buying @ 3850-3900
Target : 3980/4050/4100/4165/4200+++
Stoploss : Own
Trade at ur own risk
Education purpose only - EMOTCup and Handle
When BO happen from the neck line.. stock should give a immediate move
Longer the duration strong the BO.. this is monthly BO
Entry > 4120
SL BO level
Target as per Risk
ADX positive and RSI in buy zone..
EICHERMOT LONGEicher motor is sustaining at major support level where we have already seen a great upward momentum in the past. Also as per the trend and channel which has been formed it confirms a greater probability for long trades.
The risk to reward ratio is favorable and can give good returns.
What are your views ?
Target and SL mentioned in chart lets see how it responds
