EICHERMOT trade ideas
Eicher has it broken the TrendlinePlease review at your end...has eicher broken the trendline???????
EICHER - WHICH DIRECTION??DOJI FORMED ON 26TH APRIL. OTHER FACTORS OBSERVED FROM THE CHART -
PENANT FORMED.
GETTING SUPPORT AT THE INCLINED TREND LINE.
WEEKLY CHART SHOWS WHENEVER THE PRICE TOUCHED THE TREND LINE BASE, MONEY HAD COME INTO THE SYSTEM.
GO LONG, IF THE PRICE CROSSES 20480 FOR TARGET OF 20,890. (STOP LOSS 20175).
GO SHORT, IF THE PRICE GOES BELOW 20175 FOR TARGET OF 19000. (STOP LOSS 20480).
EicherMotor- Find your tradeSell only below the red line,otherwise go long..its on strong support line
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.
