Nifty has formed evening star with gravestone doji format at present. Maximum High can be expect is 11760.
To me it looks like this week nifty to stay netural. Next week expect huge gap down at around 11550 level.
Once, it goes below 11550 expect nifty to trade at around 11250 level and expect a bounce back before falling further.
Eicher motor is in declining mode. This stock has outperformed in last 3 years. However, the stock is available at very high cost. The following is the next possible correction phases:
Break below 20014:
Target 1: 18200
Target 2: 16385
Target 3: 15263
Wait for a good price to buy at a lower level.