EICHERMOT trade ideas
EICHER MOTORS BREAKOUT FROM CUP AND HANDLE PATTERNNSE:EICHERMOT
Eicher motors gave a strong breakout today even when nifty traded in red. Looks good for buying with a target of 8-10% in the short-term.
EICHERMOT -- SHOW ME THE MONEY !!!17974 about to be shattered with the golden bullet :)
Finally reversed from 12496 and tested it twice before resuming its uptrend .
At present gotten rejected once by 17974 however with the 200 day on the 4hr giving support and a beautiful golden cross about to happen , in my opinion its time to put your helmets on and enjoy the ride!!
Intra day buy on retest of 17974 after breakout.
Levels on the Chart ....
EICHERMOT Lovely Pennant on HTFGoing to follow up with a LTF chart however this looks set to hit the higher ranges of the pennant with most likely the 50 moving down and possibly giving some sell pressure at 21619.
23000 zone is where i'd be taking all my position off the table.
eicher motors bullish for 19000 levelsa good stock to add at lower levels
can hit 19000 plus levels in short term
eicher looking good for shorti m taking eicher motor trade today..my short price is 17705 sl above today ,and tgt 17100
Eicher Motors Ltd (Eichermot - NSE) - Impulse wave pattern endedEicher Motors Ltd (Eichermot - NSE) is completed down impulse as C wave of daily time frame as short 5th wave as shown in chart. In weekly time frame it has completed down ABC cycle correction after monthly impulse over two years ago. Now price is in up cycle against ABC down move, which already crossed wave 4 as confirmation. Wait for clear impuse wave and pull back to enter in trade.
this stock can give 100% returns, in 3,4 years (personal view)lots of people say, this stock is not for intraday, i don't believe i have made many many times money in this stock in intraday!
Eicher Motors Buy at 14100 ST 13800We are doing Analysis of EICHER MOTORS on 1 Hour Timeframe.
The projected target from the breakout is usually the vertical distance from the low to the upper .
Note: This is only for Educational Purpose this is not an Investment advice.
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Ankur Verma
Twitter : Ankurverma3838
Eicher Motor Bullish Setup !! Hello, Friends Thanks for being part of our Trading Buddy we are happy to help you with your earning !!
I think i write everything on the chart with a basic explanation of Elliotte Wave analysis ( Impulsive + Corrective= "Elliote wave")
Eicher Motor is too Down now, In upcoming weeks we see a good rally in it So
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Eicher Motors (EICHERMOT - Nifty) - impulse wave patternEicher Motors (EICHERMOT - Nifty) is in ABC zigzag correction in weekly time frame, which is in 5th wave of C down in current chart. 4th wave of C was triangle, but not broken down yet. If 5th wave down is started then it should not be going above that red invalidation line of triangle and making new low.
EICHER WITH FIBONACCI TOOLSAs we can see the above chart that the eicher is near 62% retracement area nearly all the stocks are same now checkout I'll oost them even
Eicher Motors Positinal ShortEicher Motors following the Pitch Fork Tool. Short positions can be taken cautiously.
Halfing of Eicher Motors (Monthly Chart)Head & Shoulder Pattern in Eicher Motors. Pattern Formation took 4 Years.
Support And Resistance – The House! EICHERMOTOR.----------------------------------Support And Resistance – The House!----------------------------------
Support and Resistance explanation:
Imagine that you are looking at a vertical cross-section of an "Old fashioned dolls house " which is shown in the schematic. Now you can see all the floors and ceilings in the house, and as you can see here we have a ground floor, first floor, second floor, and roof.
The market then moves lower, having reversed, back to the floor, where it consolidates.
The concept of Support and resistance is important for a number of reasons.
--> First, as we have already seen, a breakout from a consolidation phase can be validated with volume , and if confirmed, provides excellent trading opportunities . The so-called breakout trade s.
It is a WIN/WIN. You have the comfort of knowing that once the market has broken through a ceiling of price resistance, not only does this become a floor of price support, it has also become a barrier of price protection in the event of any short term re-test of this area. Any stop loss, for example, could then be placed in the lower regions of the price congestion. This is why breakout trading is so popular.
Eichermotors Short term Bottom SoonFundamentals aren't great for Companies like Eicher motor during this lockdown period.
Technical Analysis suggests short term bounce for Eicher motor.
Price Grinding low with less volume is a buy once we see a reversal candle on daily time frame.
Plus, Bullish Divergence on 4h and daily chart shows a bounce is due soon. My target is 15200 purely based on Technicals and S/R Zone.
Remember News can ruin this plan so trade accordingly
