EICHERMOT trade ideas
EichermotOn 1 hr time frame
1. broken 200 EMA on 12th Feb
2. Price got rejected at 200 EMA
3. Currently following a trendline (black)
Any confirmation of trendline break and price below 200 EMA will confirm further fall.
This is just for an educational purpose.
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EICHER MOTOR
BUY ABOVE 2700
STOPLOSS 2650
EICHER MOTORS EICHER MOTORS Rising patter RED LINEs are target for INTRADAY or BTST Trade on Your own RISK N REWARD
Eichermot - Elliott wave analysis - ABC zigzag up & double topIt is in corrective cycle after completing ABC zigzag cycle in 4 hr time frame. It correcting down as double top pattern and achieved the target zone. There is a chance of small bounc now.
Plz give a like if you agree with EW count.
Eicher Motors Shorting Scenario
Rising wedge on shorter time frame and
Reverse flag and pole in longer time frame provide good Risk Reward scenario in Eicher motors for shorting.
Considering the fact the Pre open market shows huge gap down, it confirms the move even more.
Positional as well as intraday.
Broken Wedge Pattern Price at Demand levelEicher motor as long not breaking below 2270, expected to reach the target given on the chart for long term.
Let's see...
Value BuyingHello traders, it must be a value buying @ 2400 with the proper stop loss 2330, have a good luck!!
Eichermot - Near to demand zoneEichermot 😊 People must be thinking of shorting it as it broke the previous low but as i always say, trading with conflunce of many studies make it better. As per demand and supply on daily timeframe a demand is just below from cmp rsi showing bullish divergence. Volume not supporting the bearish downside move. Let see how it goes. Targets on chart...
Broken Wedge and retest doneEicher Motor unless breaking the current demand level expect to reach 2900 + on coming days.
EICHERMOT MONTHLY Reversal From BIGGER Shark or from SMALLER SHARK
Ultra high volume up bars - trap of Smart Money , Higher volume- Professionals are selling into the public buying
Within 3-5 price bars need the confirmation from a BEARISH CANDLE with RSI Below 70
POTENTIAL SELL
Eichermot - Elliott wave analysis - ABC zigzag up It is in strong up move and price is moving in trend channel. Buy the lower trendline level as 4th wave correction of C wave for 5th wave up.
Bearish Shark - EICHERMOT - Monthly TF.Hello,
Pattern : Bearish Shark
Stock : EICHERMOT
Time Frame : Monthly.
Always look for reversal patterns at PRZ (reversal zone) and take trade basis on it.
Note : This chart is only for study and reference purpose.
