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Eichermotorltd

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
Wave Theory in Motion: Understanding Key PatternsElliott Wave Analysis: Example used chart of Eicher Motors (NSE: EICHERMOTORS) This analysis is provided for educational purposes only and does not constitute trading or investment advice. All wave counts are subject to change as the market evolves. Always consult with a qualified financial advisor before making any trading decisions. Overview: In this analysis, we will delve into the current market structure of Eicher Motors through the lens of Elliott Wave Theory. The focus will be on identifying the wave count, potential price targets, and critical invalidation levels. Wave Count: Starting from the low at 4253, we have a clear impulsive structure labeled as wave (i). This wave consists of five smaller sub-waves, denoted by i, ii, iii, iv, v. The subsequent correction, wave (ii), retraced part of this impulsive move, unfolding in a typical corrective pattern, which then led to wave (iii). This wave extended higher, reflecting strong bullish momentum, followed by waves (iv) and (v) completing the impulsive sequence near 4976 where we had labelled as wave 3 completed. From there, an Expanded Flat corrective structure began, identified as a ((a))-((b))-((c)) pattern, which seems to have completed near ₹4,548. This marks the end of wave 4, a corrective wave within a larger impulsive sequence. Currently, the stock appears to be in the early stages of a new impulsive wave, labeled as wave (i) of a higher-degree wave ((i)) of one more higher degree wave 5. Elliott waves Theory based Target Assumptions: Given that wave 3 of the previous impulsive move ended around 4976, we anticipate that wave 5 should extend beyond this level. The first target for wave 5 would be around 5000, If momentum is strong, we could see further extensions. Invalidation Levels: Critical to any Elliott Wave analysis is understanding where the wave count might be invalidated: Nearest Invalidation Level: A break below 4548 would invalidate the assumption that wave (v) of wave C has completed. This would suggest that the corrective wave 4 is still ongoing or that a different corrective structure is forming. Main Invalidation Level: Should the price fall below 4253.85, it would invalidate the entire bullish wave count, implying that a much larger corrective pattern is unfolding, or a change in the trend direction is occurring. Conclusion: Eicher Motors is showing signs of a potential new impulsive move to the upside, However, traders should keep a close eye on the invalidation levels at 4548 and 4253.85. Breaching these levels would require a reevaluation of the current wave structure and could signal a deeper correction. I am not Sebi registered analyst. My studies are for educational purpose only. Please Consult your financial advisor before trading or investing. I am not responsible for any kinds of your profits and your losses. Most investors treat trading as a hobby because they have a full-time job doing something else. However, If you treat trading like a business, it will pay you like a business. If you treat like a hobby, hobbies don't pay, they cost you...! Hope this post is helpful to community Thanks RK💕 Disclaimer and Risk Warning. The analysis and discussion provided on in.tradingview.com is intended for educational purposes only and should not be relied upon for trading decisions. RK_Charts is not an investment adviser and the information provided here should not be taken as professional investment advice. Before buying or selling any investments, securities, or precious metals, it is recommended that you conduct your own due diligence. RK_Charts does not share in your profits and will not take responsibility for any losses you may incur. So Please Consult your financial advisor before trading or investing.
NSE:EICHERMOTEducation
by RK_Chaarts
**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 🚀📊
NSE:EICHERMOTLong
by ruelfernandes
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
EICHER MOTORS | Good Buy Opportunity.When it comes to the technical analysis of EICHER MOTORS , you might get an impulse to the upside. Based on my technical analysis , there aren't many resistances till the Target 1. So you may use this as a buy opportunity. If you are going in, better find a pullback. I have marked a good entry area on the chart; you may use it as an entry area; which is a support area . And also don't forget to place the stop just below the entry area. What do you think is more likely to happen? Please share your thoughts in comment section. And also give a thumbs up if you find this idea helpful. Any feedback & suggestions would help in further improving the analysis. If you find this technical analysis useful, please like & share our ideas with the community. Good Luck! Disclaimer! This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
NSE:EICHERMOTLong
by maxprofwizard