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EICHERMOT

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.
NSE:EICHERMOTLong
by baddonkey99
Higher Highs Higher Lows - EICHERMOT📊 Script: EICHERMOT 📊 Sector: Automobile 📊 Industry: Automobiles - Motorcycles / Mopeds Key highlights: 💡⚡ 📈 Script is trading in Upward moving channel and forming Higher Highs Higher Lows on daily chart. 📈 One can go for Swing Trade. ⏱️ C.M.P 📑💰- 4941 🟢 Target 🎯🏆 - 5073 ⚠️ Stoploss ☠️🚫 - 4808 ⚠️ Important: Always maintain your Risk & Reward Ratio. ✅Like and follow to never miss a new idea!✅ Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes. Eat🍜 Sleep😴 TradingView📈 Repeat 🔁 Happy learning with trading. Cheers!🥂
NSE:EICHERMOTLong
by radha_23
EICHERMOT : Near major zoneEICHERMOT is trading near Major zone as of now. 4 times it reversed from this level and it is acting as a Major supply zone. So what can be strategy for me... I will see 1 hours & 15 chart and if its creating HH< HL then i will go with positive.....if it break level then it will be massing selling here and can good to with trend. Follow prices action in 1 hour chart before entering in trade. Like, Share, Comment for regular updates. Disclaimer I am not sebi registered analyst My studies are Educational purpose only Please consult with your Financial advisor before trading or investing I may be 100% wrong as its my personal trade. First Learn and then remove "L"
NSE:EICHERMOT
by ChartsSpecialist
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.
NSE:EICHERMOTLong
by manuagarwal21
EicherMotors Bear trapEducational Idea: Most of the Novice conventional traders use support and resistance levels. If the support breaks, they tend to short-sell the scrip & try to profit out of it. And, if the resistance breaks, they go long. But the majority of the time, they become a victim. Let me get this straight. Let's take an example, in this case, Eicher Motors. When Eicher Motors is close to the support pivot, let's say, everyone(Traders and Investors) will take a long position. Since everyone is buying the stock, there will be a lack of sellers & the price will shoot up suddenly in search of the sellers, and the investors will have no choice but to buy for a higher price since there is a huge demand. But the thing is, the investors are much smarter than that. When everyone is long at the pivot (or Support Point), they will just short the stock, using all the buy orders provided by the traders and drive the price down, breaking the pivot (Support). This will create a panic for the traders as the support is broken. In a panic, they will square off their position for a loss, and to cover their loss (creating sell orders), they will just short the stock. (Again Creating new sell orders, at a lower price) Now, the investors got what they wanted, i.e, fresh sell orders at a lower cost. They will just unload their short positions to the traders who are taking fresh short positions and will start accumulating the quantities they want for their portfolio at a much better & lower cost. And then, the stock price goes up, giving investors their returns and traders, well, their losses. Please Note, This is just an Educational Idea. Trading involves risking capital. Always protect your capital by keeping a strict stop-loss. Happy Trading & Investing.
NSE:EICHERMOTLong
by corestrategytrader