EICHERMOT trade ideas
Ascending Triangle Pattern Reversal in EICHERMOTEICHER MOTORS LTD
Key highlights: 💡⚡
📊On 1Day Time Frame Stock Showing Reversal of Ascending Triangle Pattern.
📊 It can give movement upto the Reversal target of Above 3460+.
📊There have chances of Breakout of Resistance level too.
📊 After Breakout of Resistance level this stock can gives strong upside rally upto above 3740+.
📊 Can Go Long in this stock by placing stop loss below 3255- or last swing Low.
Eicher Motors - Revision in levels
As seen in the last trading 3374 support was broken and it took support at 3368. But, weekly swing high is 3348. Now, adhere to this level only. If it bounces back, then only buy otherwise don't be long unless it retraces back from this level.
Please refer to my previous discussion on Eicher Motors.
Eicher Motors - Live Market Analysis
Best time to buy with stop loss of 3374. As per Gan, when price enters third circle, that is the best time to buy with low of Ist circle as the SL.
IH Chart.
Marked is angle in sky blue color with base as the trendline adjoining highs of previous swings marked in red diamond. In the making is "W" patter, which is bullish in nature. Price is above 200 and 100 SMAs, which is again bullish in nature. Moreover, Rounding Bottom marked in white.
Either buy today with the SL mentioned above. or wait for 3412 to be broken on 11th of August.
This is just for educational purposes. I am not a SEBI Registered Analyst. Please consult your Financial Advisor before making any decision.
EICHERMOTOR 1HRINTRADAY TRADE
EICHERMOTOR Looking good for upside..
When it break level 3357 and sustain.. it will go upside...
BUY@ 3357
Target
1st 3370
2nd 3382
EICHERMOT JUL FUT – 9 LOT (Qty-1575)
MINIMUM 10L CAPITAL
Enjoy trading traders.. Keep add this STOCK in your watch list..
Investor are welcome..
Eicher Motors 🚚 Swing TradeEicher Motors has experienced a downward trend over the past few days, but has recently shown signs of support with a strong bullish candle. As a professional trader, we can consider taking a swing trade by going long on the open of the next candle.
To mitigate potential losses, we will set a stop loss below the support zone with a reasonable buffer. This will help us exit the trade if the market moves against us.
In terms of our target, we will aim for the next resistance zone as marked on the chart. By doing so, we can potentially profit from the uptrend that we anticipate.
As with any trade, it's important to exercise caution and make informed decisions. We must always be prepared for unexpected market movements and adjust our strategy accordingly.
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