EICHER MOTORS BUY SETUPRunning flat forming in this stock look for breakout of c wave, find a entry to get long.
EICHERMOT trade ideas
EICHERMOT Long OpportunityIf price crosses entry level then we can go long upto given target.
Trade or Investment at your own risk.
eicher - buy for a bouncebuy from cmp to 3170
easy tg - 3240
Disclaimer : This is my personal analysis for study purpose not intended for trading.
Downtrend Channel pattern Breakout in EICHERMOTORSEICHER MOTORS
Key highlights: 💡
✅On 1 hour Time Frame Stock Showing Reversal of Downtrend Channel Pattern .
✅ It can give movement upto the final target of Above 3275+.
✅Can Go short in this stock by placing a stop loss below 3191-.
BulishVery good support@@ 3100 levels, if not break 3180₹ , I will buy this gem, osm profitable co, 40% profit growth, I don't see more down side buy & hold tight till q3 results
My target is ath
Shorts are trapped
Eicher Motors at a good risk reward levelEicher is taking support on trendline. This is at good risk reward level
Entry - 3540.1
SL - 3470
First target - 3720
eicher - buybuy around 3200 upto 3190
easy tg - 3249
Disclaimer : This is my personal analysis for study purpose not intended for trading.
Eicher Motors Bullish ViewEicher Motors recently formed a W pattern on the price chart, indicating a potential reversal followed by a breakout. However, it is worth noting that the volume during this period was normal, which could be a cause for concern. Despite this, the overall outlook appears favorable for a long position.
eicher motor -long price bouncing from 50 day EMA
price defending the green candle formed on 12 th May
price >18>50>200
MACD 3-6 crossing signal line and zero line
MACD 50 -100 Above zero line
RSI crossing 50
looks like a big move ahead
EICHER MOTORS CAN GROWEICHERMOT broke through the resistance trendline on 15 MIN TF, formed three white soldiers. Looking for the further upside on it🚀
Eicher Motors Near Crucial Support Entry:
We can go Long after close of strong bullish candle above the weak resistance zone. same time we will also get breakout above the trendline this would be a great confluence.
Stoploss:
We can keep Stoploss below the strong support zone.
Target:
We can keep Target 1 & Target 2 near the next resistance zones also these are important Fibonacci level.
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Buy Eicher MotorsBuy Eicher Motors (NSE:EICHERMOT)
Buy Range- 3550 - 3575
Target- 3700 - 3750
StopLoss- below 3480
Potential Return- 4-5%
Approx trade duration 7 - 8 days
Bullish above 3720 Above 3720 stock showing bullish momentum
Candle pattern indicates strong bullish.
Ichimoku clear level above 3716.
Volume also good.
In coming sessions it has potential to reach 3780 ; 3890 levels
I sharing my view for educational purposes only. Please consult your financial advisor before entering into trades.
Short Eicher motors- target 3560Profit booking expected in eicher after it has moved 6% up ..overbought condition
EICHER LOOKS GOODEicher motors looks good after breaking a horizontal resistance on weekly chart and gives a close above so we can consider it is a breakout and can go long in it for the target of 3423 and 3339 with taking a stop loss of weekly candle close below mentioned resistance and that is 3312 levels.
𝑵𝑶𝑻𝑬- 𝑶𝑵𝑳𝒀 𝑭𝑶𝑹 𝑬𝑫𝑼𝑪𝑨𝑻𝑰𝑶𝑵 𝑷𝑼𝑹𝑷𝑶𝑺𝑬
#Eicher Motors Trade SetupStock is near to BO zone with volume build up, follow chart for entry and exit levels.
EICHER MOTOR TARGET 3491EICHER MOTOR downtrend breakout. Resistance 3347 breakout and sustained daily. if Sustain above 3410, it will reach the target of 3491 and next 3581
Eicher motor long target 4000eicher motor upside go wave 5 in weekly chart
eicher motor complete 5 again come down side
Eicher Motors 75 Mins Elliott Wave Set UpBased on the Wave Principle, the 75-minute structure of Eicher Motors appears to be bullish. The stock's Wave 4 correction, labelled as a-b-c, seems to be complete, indicating the potential for a 5th wave rally.
Several observations support the likelihood of a materialized Wave 5:
The Wave 2 retracement was confined between the 0.5-0.618 levels, showing a sharp decline.
Wave 3 terminated precisely around the 1.75 extension level.
The Wave 4 retracement was shallow and confined to the 0.382 level.
These observations indicate a favorable Fib relationship, following the guidelines of the Wave Principle. The expected targets for Wave 5 are between 3350-3367.
According to Trend Based Fib Time, there is a high chance that these targets will be achieved between May 2nd, 2023 to May 11th, 2023. Investors should keep an eye on Eicher Motors' stock during this period to see if these projections materialize.
Eicher Motors : Big Players have entered the stock#Eichermotors
>> Positional Call (1-3 months)
>> Three White Soldiers pattern highlighted indicates big player has already entered the stock
>> Good strength & Volume Buildup in Stock
>> Swing traders can book profits at 5-10% fully or partially & keep trailling
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