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Eichermotors

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
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