EICHERMOT trade ideas
Eicher Motors 75 mins Wave Counts75 mins structure is looking bullish and it seems Wave 5 has just started. Expecting it to kiss 2800-2900 levels in a short term.
GOOD TIME BUY TIME STRONG BREAKOUT PULLBACKTHIS TIME TO EICHERMOT STRONG UP SIDE PULLBACK MOMENT GOOD BREAKOUT AND SAME TIME CLEAR CHART PATTERS
EICHERMOTOR DAILY BREAKOUTCAN ENTER ONLY IF TODAYS CLOSE ABOVE THE TL
TARGET LEVELS ARE MARKED IN THE CHART
SL CAN BE KEPT AT 2361 - WHICH IS THE PREVIOUS SWING LOW FOR BEST RR
AGGRESSIVE TRADERS CAN KEEP SL BELOW PATTERN - BUT WITH POOR RR
EICHER MOTORSEICHER MOTORS
WEEKLY CHART
STRONG MOMENTUM
BULLISH CROSSEROVER OF EMA 13,21,34
GOOD VOLUME
FORMING PATTERN INVERTED HEAD AND SHOULDER
RSI @ 60+
BUY CMP @ 2767
TARGET @ 3200 TO 3400
SL 2540
Eicher Motors BOWait for Closing above 2700++once closed TGT 3000...
**this is not recommendation to buy sell. this is for educational purpose only.
Eichher Motors Looking Bullish
All the key levels are mentioned in chart with Stop-loss and Targets
Findings Mr. ATUL
BBC
Wave Counts
Key Levels
Volume above Average
Macd in Weekly Uptick
Macd in daily positive and Uptick and also above zero line
RSI IN DAILY ABOVE 60
DMI & ADX POSITIVE UNGALI
Disclaimer
I am not sebi registered analyst
My studies are Educational purpose only
Please consult with your Financial advisor before trading or investing
Eicher longBreaking 2300 level isn't a joke in Eicher motor. That can happen if banks and finances decided it to happen. It already broke negative trendline and if autos supports eicher can boom. Clear RSI bullish divergence is also visible.
Eicher motor head and shoulderEicher motor is forming head and shoulder pattern in the weekly time frame.
The neckline has been retested around 2500 level.
Eicher MotorsMay seems like a perfect HnS, possibly a reversal kind of setup, just wait and lets see!!!
LONG oPPORTUNITY ON eicher motorbuy eicher motors with a stoploss of 2387 for a short term target of 2690 and 2980
EICHER MOTOR HOURLY CHART GIVEN A CHANNEL BREAKOUT . SUPPORT AROUND 2330-2345 , FST TGT AROUND 2400-2410 CAN COME IN INTRADAY . 2470-2485 NEXT TGT
