Higher Highs Higher Lows - EICHERMOT📊 Script: EICHERMOT
📊 Sector: Automobile
📊 Industry: Automobiles - Motorcycles / Mopeds
Key highlights: 💡⚡
📈 Script is trading in Upward moving channel and forming Higher Highs Higher Lows on daily chart.
📈 One can go for Swing Trade.
⏱️ C.M.P 📑💰- 4941
🟢 Target 🎯🏆 - 5073
⚠️ Stoploss ☠️🚫 - 4808
⚠️ Important: Always maintain your Risk & Reward Ratio.
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Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
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EICHERMOT trade ideas
EICHER MOTORS S/R Support and Resistance Levels: In technical analysis, support and resistance levels are significant price levels where buying or selling interest tends to be strong. They are identified based on previous price levels where the price has shown a tendency to reverse or find support.
Support levels are represented by the green line and green shade, indicating areas where buying interest may emerge to prevent further price decline.
Resistance levels are represented by the red line and red shade, indicating areas where selling pressure may arise to prevent further price increases. Traders often consider these levels as potential buying or selling opportunities.
Breakouts: Breakouts occur when the price convincingly moves above a resistance level (red shade) or below a support level (green shade). A bullish breakout above resistance suggests the potential for further price increases, while a bearish breakout below support suggests the potential for further price declines. Traders pay attention to these breakout signals as they may indicate the start of a new trend or significant price movement.
20 EMA: The yellow line denotes 20 EMA, to interpret the 20 EMA, you need to compare it with the prevailing stock price. If the stock price is below the 20 EMA, it signals a possible downtrend. But if the stock price is above the 20 EMA, it signals a possible uptrend.
Disclosure: I am not SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. It is important to consult with a qualified financial advisor before making any investment decisions. Tweets neither advice nor endorsement.
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.
Eicher Motor Looking GoodBuy Eicher Motors at
Buy at 3223
Buy at 2968
Target 1 - 3405
Target 2 - 3794
Target 3 - 3901
Long Term Target 4000++
Disclaimer :-
I am not SEBI registered. The information provided here is for education purposes only.
I will not be responsible for any of your profit/loss with this channel suggestions.
Consult your financial advisor before taking any decisions
Trade idea in EICHERMOTORS
Here we can see a Swing Trade in NSE:EICHERMOT
BUY EICHERMOTORS
CMP 4355
TP 4803
SL 4020
Eicher Motors Ltd. engages in the development, design, manufacture, assembly and sale of two-wheelers, as well as related parts and accessories. It operates through Domestic and Overseas geographical segments. The Domestic segment includes sales and services to customers located in India. The Overseas segment includes sales and services rendered to customers located outside India. The company was founded on March 14, 1982 and is headquartered in Gurugram, India.
EICHER MOTOREicher motor ready for fresh move as shown in daily time frame. SL will be below 200 DMA.
first target will be near all time high.
20 MA may be first hurdle. after that will see price action. it has gud potential for upside . Follow strict SL & Proper RISK REWARD RATIO. This is the only holy grail in the market.
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% .
Eicher longFrom march low, we can see higher high and the sequence is incomplete, so at least two hight ((3)) and ((5)) we can see,
to buy blue (5) which will complete ((3)) we can buy 3825-3744 with SL of 3600
also from dec high, the first pullback is corrective 3 back which is a bullish sign (once correction done)
Note: this is my view, plz trade as per ur risk