EICHERMOT trade ideas
EICHER MOTORS Shorting the stock has started to look more favourable as RSI is trending down.
Any cross below the current POC will invite a bear attack!!
Stock under extreme consolidation.
Eicher MotorEicher motor have trendline support if stock respect the trendline then go bullish on day
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.
EICHER MOTORS Impending Breakout of Flag and Pole StructureEicher Motors is currently trading in a short term flag i.e. consolidation after a runup from 2400 levels. Now it seems it will break out of flag structure. It is a buy after breaking 2724.7 for near term targets of 2788.5 and 2841.65.
[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.
=======
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.
