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.
EICHERMOT trade ideas
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.
Please Like the post and Follow Me.
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.
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 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
Keep liking & sharing for more such analysis, leave a comment if u like analysis
@moneyfesttrading
EICHER MOTORS - Swing Trade || 3rd April, 2023 #swingtradeAnalysis Criteria Used:
1. Please find the Chart Analysis done for the 2nd April, 2023 and the upcoming week.
2. The analysis for the Swing Trade ideas, has been done based on Trend analysis and Chart Patterns with Volume Buildups
Focus On:
1. Always keeping your Risk Management in play
2. Using a Stop Loss; because it is your Best Friend
3. Always Plan your Trade and stick to your Plan
4. Dont overthink or overanalyse
5. Treat this as your Business and get serious about it
#sharemarket #stockmarket #nifty #sensex #investing #trading #nse #bse #stockmarketindia #stocks #indianstockmarket #investment #stockmarketnews #banknifty #finance #money #intraday #intradaytrading #investor #niftyfifty #dalalstreet #sharemarketindia #sharemarketnews #stockmarketinvesting #business #sharemarkettips #stock #india #indiansharemarket #rakeshjhunjhunwala #bhfyp #mumbai #share #wealth #investment #market #invest #trading #investing #finance #FinancialFreedom #investor #trader #stocks #profit #investors #economy #equity #shares #nifty #stockexchange
DISCLAIMER:
.
* Please do your own research and/or contact your financial advisor before taking any trading opportunities
** We will not be responsible for your profit or loss
*** We are NOT SEBI REGISTERED
______________________
best stocks to buy today
best stocks to buy now
best stocks to buy
best stocks for Intraday tomorrow
best stocks for long term investment
best stocks to buy today india
best stocks for swing trading
swing trading strategies
swing trading beginners
what is swing trading
swing trading stocks
swing trading stock selection
swing trading kya hai
nifty analysis
nifty view
bank nifty analysis
top stocks to buy now
strong stocks
nifty view
nifty prediction
stock market view tomorrow
bank nifty Levels
bank nifty prediction
share news
stock market news
best stocks to buy now
profit booking stocks
multibagger stocks in discount
breakout stocks
best short term stocks
best short term shares
next multibagger stocks
BEARS RIDING DOWN EICHER MOTORS ???!!!Chart patterns does insist me to go with opinion stated above.
Reasons:
1. Eicher motors is travelling (and respecting) in different patterns .
2. June 2022 , Eicher motors broke out of major triangular pattern and rose to about 35% .
3. Monthly(November 22) candle - Bearish engulfing candle , Oct 2022- Hanging man candle confirming the Bearishness.
4. It is also travelling in a ascending channel pattern (as you can see it is currently in the down move inside the pattern).
5. Stock has given Breakdown(11 nov candle) with superb volume out of a trendline.
6. Head & Shoulders pattern in Daily time frame and given breakdown on 2 Dec with good volumes.
7. Target & SL levels mentioned in the chart...
I can show things separately and clearly in weekly daily monthly charts...but trading view allows only members who have reputation of 10 (or paid ones) to use that feature while publishing ideas.
Soon I will earn that 10 points .
Sorry if chart looks so congested....Feel free to ask if there is any confusion.
Let's wait and watch how it moves!!!!
Note - Just Sharing my view...not a tip nor advice...