EICHERMOT Bullish Buy A Bullish Flag is a technical analysis pattern that suggests a potential continuation of a bullish trend. Here's a description of the Bullish Flag pattern in Eicher Motors:
Pattern Description:
Flagpole: The stock price of Eicher Motors has been in a strong uptrend, forming a flagpole (a sharp, almost vertical rise in price).
Consolidation: After the flagpole, the stock price has consolidated within a narrow range, forming a flag (a rectangular or triangular shape).
Upper and Lower Boundaries: The flag has upper and lower boundaries, which are roughly parallel to each other.
Breakout: The stock price is expected to break out above the upper boundary of the flag, continuing the bullish trend.
Eicher
Reaching Congestion Zone.Hello
Most people Do get Fascinated just by seeing last days 6% move and tempted to buy the stock,
I would really wanted to tell them please Never do this and if you do so and what if it ll Reverse from there, and You ll curse yourself that market is against you,
and That is not the Truth.
Anyways Here is a Update For you.
Congestion Zone 3646-3763
and As peer me 3300-3350 is Buy Zone
Place Your Stop Loss Below 2800 On WCB
and Look for target 4149 & 4960
so Basically it is a more then 1:2.5 when it go to 4960.
Its a weekly Timeframe Trade so Keep that in mind and Trade Safe.
All the best.
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EICHER MOTOR SELL SETUPAs per my analysis, I am expecting more down side on $NSE:EICHERMOT. Best level to take sell entry will be 3208 with stop loss of 3270 (+62 points risk). My expected downside would be 3096 which is strong support and buying area.
Note: This is my personal analysis, only to learn stock market behavior. Thanks.
EICHER MOTORS - at short term supportThere's a formation of Bullish Bat Pattern on the hourly chart of the Eicher Motors,
Bat pattern is a five-legged harmonic pattern that provides us with potential reversal zones, from where stock usually witnesses sharp recovery or fall as the case may be.
Here 3407-3434 is the PRZ that the pattern provided as we did see the sharp recovery back from there.
The pattern PRZ is also coinciding with the daily chart support levels around 3400.
Now sustaining prz , we may see stock testing 3500- 3570 in the coming trading sessions.
Trade type: Reversal Long Trade
Pattern: Bullish Bat Pattern
Support: 3400-3434
Target: 3500-3570
CMP: 3464
How to Buy: Time your trade from lower timeframes, to manage your risk better.
Eichher Motors Looking Bullish
All the key levels are mentioned in chart with Stop-loss and Targets
Findings Mr. ATUL
BBC
Wave Counts
Key Levels
Volume above Average
Macd in Weekly Uptick
Macd in daily positive and Uptick and also above zero line
RSI IN DAILY ABOVE 60
DMI & ADX POSITIVE UNGALI
Disclaimer
I am not sebi registered analyst
My studies are Educational purpose only
Please consult with your Financial advisor before trading or investing
Eicher Motor Bullish Setup !! Hello, Friends Thanks for being part of our Trading Buddy we are happy to help you with your earning !!
I think i write everything on the chart with a basic explanation of Elliotte Wave analysis ( Impulsive + Corrective= "Elliote wave")
Eicher Motor is too Down now, In upcoming weeks we see a good rally in it So
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EICHER MOTORS DOUBLE BOTTOM IN MONTHLY TIME FRAMEHI EVERYONE!
EICHER MOTORS FORMED DB IN MONTHLY TIME FRAMES
IT TAKES 1 TO 2 MONTHS TO REACH 23400
PLAN BUY ON EVERY SWING LOW DIPS
DONT PREFER SELL IN EICHER MOTORS
BUY MONTHLY CE OPTIONS
BELOW THIS DEMAND ZONE CLOSE EXIT
THANK YOU!
KEEP SUPPORTING & HAPPY TRADING!