EICHERMOT trade ideas
POSITIONAL INVESTMENT VIEW IN #EICHERMOTPOSITIONAL INVESTMENT VIEW IN #EICHERMOT
EICHERMOT LOOKING VERY STRONG CMP 2385 KEEP ADDING 200 DMS SUPPORT
STOP LOSS - 2300 CLBS
TARGET - 4200 4400 4600 +++
Eicher Motor H&S patternEicher Motor has formed a H&S pattern at the top of the price trend. Wait for break of the neckline before taking a trade.
Watch for overall Nifty Auto direction too before shorting.
Is it going up? If it has to go u, should move fast now stop Marked. May hit 2830 +/-,
This not any trading or investment advice
buy eicher motorseicher motors has surpase the resistance level 2700 in 60 min chart. we can see 2800/2880 till it holds 2650
Eicher Motor @ Target 3000 Entry 2700 SL 2660Eicher Motor @ Target 3000 Entry 2700 SL 2660..Pls do your Anaylsis before Investing.
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...
