Eicher Motors Near Breakout!🔵 Resistance at ₹5,055—awaiting a close above this level for confirmation.
📊 RSI showing strength at 60.33 and volume is building, signaling bullish momentum.
🎯 Keep an eye for a potential breakout soon!
Eichermotors
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.
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.
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My studies are for educational purpose only.
Please Consult your financial advisor before trading or investing.
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Hope this post is helpful to community
Thanks
RK💕
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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.
eichermotor longeichermot looks good to buy as per my view.
this is my personal view for education purpose.
do your own research
thank you
Eicher Motors looking bullishEicher Motors has recently completed Cup & Handle pattern and is all set to reach all the way to INR 4500 in a 9-12 months time horizon from current levels.
Time to take profit in Eicher motors and wait for break outRight at the resistance- It is always good to book some profits at resistance. I would like to wait for confirmation if breaking out. though I kind of lean towards break down. If it goes as per my plan I would like to accumulate at the specified accumulation range.
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.
Gratify if you appreciate the practice then you can like it, share it and
If you want me to investigate any chart for you then would cherish doing that for you.
Thank you for your time and support.
Stay safe.
I would like to long if it comes to the arrow I have markedTwo possible scenarios from my angle lets see how it reacts. Already two times it broke my stop loss and stopped my trade. One last try :)
Double Bottom Neckline Breakout - EICHERMOT📊 Script: EICHERMOT
📊 Sector: Automobile
📊 Industry: Automobiles - Motorcycles / Mopeds
Key highlights: 💡⚡
📈 Script is trading near Double Bottom Neckline which is resistance level 4010, and giving breakout of it.
📈 MACD and Double Moving Averages are giving crossover.
📈 RSI is around 61.
📈 One can go for Swing Trade.
⏱️ C.M.P 📑💰- 4019
🟢 Target 🎯🏆 - 4200
⚠️ Stoploss ☠️🚫 - 3921
⚠️ 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!🥂
EICHER Motors is around Long term support Eicher Motors is around the medium term support !!
Stock has never broken support working from 2020
Log Chart support is working beautifully and has support around 3500-3600
On a Linear Chart stock has made 2 support and recently short term support working
Linear chart support is around 3480-3520 !!
Stock is Goof until support is intact !!
Thanks !!
Disclaimer : We are not SEBI registered analyst. Do your own research before taking any investment decision.
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.
REVERSAL on EICHER MOTORS with R:R of 6.5as we may notice that market showing some bullish bias and auto sector is not an exception and pretty decent results were posted by the auto companies. This point may be the reversal for NSE:EICHERMOT as well, with stoploss of 2.5% for the target of min. 15% .
**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 🚀📊
#Eichermotors - superb Fib retest and bounnce#Eichermotors - superb Fib retest and bounce.
PS : Only for learning purpose. Please consult your financial adviser.
Eicher Motor Trend AnalysisEicher Motor is making flag pattern at 1H time frame you can trade Eicher Motor with small stop loss.
Entry : 3349
StopLoss : 3331
Target : 3390,3400,3430
Eicher Motor Elliot Wave Analysis Eicher motor elliot wave analysis daily time frame
1,2,3,4or wave complete price down side come wave a,b,c and retracment wave 1 62%
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 motor daily chart analysis eicher motor best price buying 3355 or 3142 final stoploss 3100 upside target 4000 time next 6 month wait right level
Eicher motors weekly chart Eicher motor complete analysis weekly chart wave analysis chart link open zoom in and zoom out
EICHER MOTORS--Near its Resistance??observations:
---->>
A strong gap up is observed, and continue to moving towards resistance.
It is near to resistance, where previously strong fall happens. now look at the reaction at these levels to go further upside or downside momentum.
careful before going long, above this levels. (3750 level )
Eicher motorsHi friends eicher motors is looking long with good risk reward ratio hope it is usefull...
Potential short for Eicher MotorsI see a chance for Eicher motors to bounce from that region. Once it reaches the target I plan to long it. Hope it helps :)
