EICHERMOT trade ideas
Eicher Motor- Uptrend Channel BreakdownEichermotors has formed uptrend channel pattern and now stock moving downside with the help of resistance of 20500-20600 level we can see 19500-19000 level soon.
EICHER MOTORS - Elliott Wave Analysis - TradingLounge.comWave (iii) is incompleted. Once completed expect Wave (iv) to retrace 38% of Wave (iii) then a move lower as Wave (v) of v)
Eicher Motor forming HnS in daily chartEicher Motor forming HnS in daily chart.. more downside possible once it breaks the neckline. watchtlist for next week
Eicher Motor BullishEicher Motor
CMP 23241
Channel breakout/Bullish Engulfing/Good Volumes
Target : 24550-24600+
Sl 21000
EICHER MOTOR IN BEAR PHASEEicher motor which was in very strong uptrend till few months ago has become very weak on monthly chart and is in total bear grip. It has full potential to touch 17800 and then 14500 levels in coming weeks. Its trading strategy should be to sell on very rise till it show some trend reversal.
Disclaimer: Views are only for educational purpose to study the market/stock behaviour. It is no recommendation to Buy, Sell or Hold any stock/index
Potential Eicher H&S : Every large trend breaks eventuallyPotential Eicher H&S : Every large trend breaks eventually
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Profitable traders are always looking to go in the direction of the trend for their time frame, the path of least resistance to profits is their goal.
Profitable traders are able to be contrarian and buy breakouts and sell breakdowns short They can also buy fear and sell greed when their system says it presents a good trade opportunity.
Traders that trade price action instead of their opinions can be very profitable because they are not trying to beat the market they are trying to follow it.
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#EICHERMOT #BUY SETUP -27/7/2017 -LOOK BULLISH IN MEDUM TERRNDAILY FINANCIAL WISDOM: Amateur traders focus on rewards. Professional traders focus on risk..
(All signals for educational purposes only)
SELL SETAPDAILY FINANCIAL WISDOM: In order to learn how to trade, you must first want to be taught...
