EICHERMOT - BUY FOR A 3 WEEK TIMEFRAMEEICHERMOT - BUY WITH A SL OF 16100 AND A TARGET OF 20000 WITHIN A PERIOD OF 3 WEEKS
EICHERMOT trade ideas
[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 :)
Caution advised if SellingAn Interesting Development- Eicher is in a very interesting formation which could be either a Leading/ Ending Diagonal or a triangle. This means there could be a sharp move up after retesting the previous Low. If selling, caution is advised.
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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