Eichermot short It was in the downswing after the Lockdown, company is stoped its manufacturing and its sales across the country.
EICHERMOT trade ideas
EICHER MOTORS DOUBLE BOTTOM IN MONTHLY TIME FRAMEHI EVERYONE!
EICHER MOTORS FORMED DB IN MONTHLY TIME FRAMES
IT TAKES 1 TO 2 MONTHS TO REACH 23400
PLAN BUY ON EVERY SWING LOW DIPS
DONT PREFER SELL IN EICHER MOTORS
BUY MONTHLY CE OPTIONS
BELOW THIS DEMAND ZONE CLOSE EXIT
THANK YOU!
KEEP SUPPORTING & HAPPY TRADING!
EICHERMOT - Short trade yesterday - Delayed in updateHello,
Found lovely descending triangle setup yesterday, and took the trade with one lot for 500 points. but due to huge gap down opening trade covered 700 points and booked the profit.
Regards,
Satish
Fundamentally good stock at discount! Good for long term With all problems going around with the auto sector, it is still good at add at current levels. Last time it came around 100ema in 2008-2009. Big monthly support is also present. Started adding around 17000 price.
Eicher Motors - Bearish Bias - Can Short at current levels.Eicher Motors - Bearish Bias - Can Short at current levels.
eichermotGave bearish divergence at major resistance
tweezer top
sell below 22756
sl 23520
tgt 21670
eicher motor is looking bullishThis is predicted by Price action method
I DO TAKE TRAININGS ON OPTION BUYING, INTRADAY STRATEGY AND PRICE ACTION
FOR DETAILS REGARDING TRAINING CONTACT ME @ readingcharts9@gmail.com
Eicher downtrend Keep a close watch at it as its one year long downtrend can end if it closes above its upper range or trendline decisively. The moving averages and other oscillators also supporting its cause. Lets see how it plays out in next one month.
In major support may bounce from here to 25k in 3 waves or bull.Market Commentary:
READ THE MARKET COMMENTARY IN THE CHART CAREFULLY...AND TRY TO LEARN THE ELLIOT WAVES...OTHERWISE ITS TOUGH TO UNDERSTAND MY ANALYSIS
YOU CAN COMMENT ONLY FOR DOUBTS IN LEARNING EW AND NOT FOR ENTER OR EXIT IN THE TRADE OR ASKING ME OR SUGGESTING ON WHAT U TAKEN, ACCORDING TO YOUR ANALYSIS.
All information given inside the chart and i shared this for educational purpose only. Maximum i wont give the followup or update in the old chart posted as educational trade idea, sometimes i will...so please make sure if i posted the new chart for the same pair, it could be a possible wave count or update. Make sure that old one was invalid or possible or alternate wave and the new one is valid. Good luck and cheers.
This is a educational post only...my ambition is to create a awareness to the traders who lose the money and treating like a gambling...this is a pure business and not only buy and sell apart from that we have to fine tune ourselves in various part of trading...cheers once again.
EICHERMOT - BUY FOR A 3 WEEK TIMEFRAMEEICHERMOT - BUY WITH A SL OF 16100 AND A TARGET OF 20000 WITHIN A PERIOD OF 3 WEEKS
[2BB][IB][WEEKEND] Eicher motor long tradeGo Long at PDH break and on PDL break wait and keep in watchlist
Possible downside and a buying levels of Eicher MotorsWhat I can see from the chart is a downward movement to 17050 - 14061 area. Those who wants to buy this stock can wait for some time and see how the price movement at this area as these are the intersection of many Support and Resistance hence very important levels. And once you get a clear buy signal/candle at these areas then you can go long. I see these level are best buy opportunities
Levels for possible buy are: 17050, 15128 & 14061
Notes: Comments are always welcome :)
