eichermotor longeichermot looks good to buy as per my view.
this is my personal view for education purpose.
do your own research
thank you
Eichermotanalysis
EICHERMOT Analysis----->>this stock is continuously moving upwards...
---->>now this stock is facing the resistance from 4200 level, a fall back is noticed.
on bottom side we find a support zone identified at 3700 and also the trendline is pushing the price upside.
------->>keep in long side as long as price is above the trendline and support zone.
If price breaks the trendline then look for short side below the support levels, after a rejection from support level at 3700.
**EICHERMOT - Accelerating Towards New Horizons**
📈 **Market Momentum:**
EICHERMOT is currently in the spotlight, exhibiting a compelling rise in both price and volume over the last few sessions. The stock has not only reached a new one-year high but is actively trading with substantial volume, underlining the strength of its market position. The latest tick echoes a robust price surge, further supported by strong volume, a clear indication of sustained bullish momentum.
📊 **Technical Indicators:**
The MACD/Signal line bullish crossover and its sustained nature add a robust technical confirmation to the positive market sentiment. The stock is trending up nicely, consistently achieving consecutive new highs, showcasing a compelling upward trajectory.
💡 **Breakout Confirmation:**
Evidenced by a positive breakout and a continuous upward trend, EICHERMOT is not just meeting expectations; it's exceeding them. Both daily and weekly Heikin Ashi patterns signal a bullish continuation, underscoring the potential for sustained upward movement.
📅 **Recent Performance:**
As of November 15, 2023, EICHERMOT reached a high of ₹3860, closing at ₹3848.30, further solidifying its position as a top performer. Looking back, on November 1, 2022, the stock was at ₹3889.65, and by June 2, 2023, it was at ₹3748. These levels demonstrate the stock's resilience and ability to recover and surpass previous highs.
📊 **Trade Recommendation:**
Capitalizing on this robust performance, consider going long above ₹3860, with a strategically placed stop loss below ₹3429. This trade aligns with the recent positive trend and positions traders for potential continued gains.
🚀 **Why Act Now?**
EICHERMOT is not just a stock; it's a journey towards new horizons. With a strong one-year high, positive breakout, and consistent bullish patterns, this is an opportunity to ride the upward momentum! 📈💰
#EICHERMOT #BullishTrend #StockMarketOpportunity #FinancialSuccess #TradeSmart 🚀📊
