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EICHER MOTORS LTD.EICHER MOTORS LTD.EICHER MOTORS LTD.

EICHER MOTORS LTD.

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EICHERMOT trade ideas

Buy Eicher. Preempting the breakout. This is my Techno-Funda recommendation. This is a Eicher Moters weekly chart. You can see stock is consolidating on weekly basis. You can buy this stock as investor for medium to long term. As the stock has not given a breakout do not put all the money once. Rather add few on each dip. The stock has first target of 2800 followed by 3035. The stock will give a clear breakout above 2780 weekly basis. As per Fibonacci targets are 3492, 4228, 4964, 5419. Keep a SL 2640 and start buying slowly. View - Medium to long term. 1 year plus.
NSE:EICHERMOTLong
by AbNamjoshi
[Positional] Eicher Motors Double Top Pattern TradeNote - One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells at "where" to act in "what direction. Unless it triggers, like, let's say the candle doesn't break the level which says "Buy if it breaks", You should not buy at all. ======= I use shorthands for my trades. "Positional" - means You can carry these positions and I do not see sharp volatility ahead. (I tally upcoming events and many small kinds of stuff to my own tiny capacity.) "Intraday" -means You must close this position at any cost by the end of the day. "Theta" , "Bounce" , "3BB" or "Entropy" - My own systems. ======= I won't personally follow any rules. If I "think" (It is never gut feel. It is always some reason.) the trade is wrong, I may take reverse trade. I may carry forward an intraday position. What is meant here - You shouldn't follow me because I may miss updating. You should follow the system I share. ======= Like - Always follow a stop loss. In the case of Intraday trades, it is mostly the "Day's High". In the case of Positional trades, it is mostly the previous swings. I do not use Stop Loss most of the time. But I manage my risk with options as I do most of the trades using derivatives. =======
NSE:EICHERMOTShort
by Amit_Ghosh
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