Eicher Motors - Positional Trade set up on weekly charts
Updated
ABOVE REDLINE - BULLS - LONG
BELOW GREENLINE - BEARS - SHORT
The stock will try to 2600 touch levels and may face stiff resistance. Go Long if price breaches REDLINE and sustains above on weekly chart.
Stop loss - Below redline - Weekly closing.
Short position - If price trades below GREENLINE.
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Trade active
book 50 % profits. Trail the balance at cost
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