buyThe stock gave retest breakout on daily chart with decent volumes . RSI is above 60 indicating good momentum in the stock. Good to buy for target upto 4900.
EICHERMOT trade ideas
Eicher Motors looking bullishEicher Motors has recently completed Cup & Handle pattern and is all set to reach all the way to INR 4500 in a 9-12 months time horizon from current levels.
Time to take profit in Eicher motors and wait for break outRight at the resistance- It is always good to book some profits at resistance. I would like to wait for confirmation if breaking out. though I kind of lean towards break down. If it goes as per my plan I would like to accumulate at the specified accumulation range.
I would like to long if it comes to the arrow I have markedTwo possible scenarios from my angle lets see how it reacts. Already two times it broke my stop loss and stopped my trade. One last try :)
Eicher Motor Looking GoodBuy Eicher Motors at
Buy at 3223
Buy at 2968
Target 1 - 3405
Target 2 - 3794
Target 3 - 3901
Long Term Target 4000++
Disclaimer :-
I am not SEBI registered. The information provided here is for education purposes only.
I will not be responsible for any of your profit/loss with this channel suggestions.
Consult your financial advisor before taking any decisions
Trade idea in EICHERMOTORS
Here we can see a Swing Trade in NSE:EICHERMOT
BUY EICHERMOTORS
CMP 4355
TP 4803
SL 4020
Eicher Motors Ltd. engages in the development, design, manufacture, assembly and sale of two-wheelers, as well as related parts and accessories. It operates through Domestic and Overseas geographical segments. The Domestic segment includes sales and services to customers located in India. The Overseas segment includes sales and services rendered to customers located outside India. The company was founded on March 14, 1982 and is headquartered in Gurugram, India.
EICHER MOTOREicher motor ready for fresh move as shown in daily time frame. SL will be below 200 DMA.
first target will be near all time high.
20 MA may be first hurdle. after that will see price action. it has gud potential for upside . Follow strict SL & Proper RISK REWARD RATIO. This is the only holy grail in the market.
Double Bottom Neckline Breakout - EICHERMOT📊 Script: EICHERMOT
📊 Sector: Automobile
📊 Industry: Automobiles - Motorcycles / Mopeds
Key highlights: 💡⚡
📈 Script is trading near Double Bottom Neckline which is resistance level 4010, and giving breakout of it.
📈 MACD and Double Moving Averages are giving crossover.
📈 RSI is around 61.
📈 One can go for Swing Trade.
⏱️ C.M.P 📑💰- 4019
🟢 Target 🎯🏆 - 4200
⚠️ Stoploss ☠️🚫 - 3921
⚠️ Important: Always maintain your Risk & Reward Ratio.
✅Like and follow to never miss a new idea!✅
Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
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Happy learning with trading. Cheers!🥂
EICHERMOT on verge of long breakout {
"Market Cap": "₹1,10,378Cr.",
"Current Price": "₹4,031",
"High / Low": "₹4,202/2,926",
"Stock P/E": "31.4",
"Book Value": "₹502",
"Dividend Yield": "0.92%",
"ROCE": "29.5%",
"ROE": "22.2%",
"Face Value": "₹1.00"
}
What to track Technical or Fundamental??Chart shows Technical analysis of Eicher motor and Some points about tracking fundamental or Technical analysis in trading.
This is only for educational purpose. Do your own study before taking any trades
Eicher Motors is trading in Sideways Zone Eicher Motors has tried to form W Pattern
It is Approaching near Resistance zone
Let's Track the Next Pattern at Imp Levels
Eicher motors base on baseEicher motors has formed a base on base on weekly.
Looks like ready to move up for the next leg
EICHER Motors is around Long term support Eicher Motors is around the medium term support !!
Stock has never broken support working from 2020
Log Chart support is working beautifully and has support around 3500-3600
On a Linear Chart stock has made 2 support and recently short term support working
Linear chart support is around 3480-3520 !!
Stock is Goof until support is intact !!
Thanks !!
Disclaimer : We are not SEBI registered analyst. Do your own research before taking any investment decision.
Riding the 5th wave with EICHERMOT: Timing is key for profitableIn the fourth wave, the ending triangle breakout signals potential. Targeting the fifth wave at 3620 and 3380 beckons opportunity.
Eicher Motors Eicher Motors currently trade in the range, as per the RSI its show the greater side of bullish momentum. Its take the support from the fib 0.618. If resistance will break than next target is 4200.
EICHERMOT Analysis----->>this stock is continuously moving upwards...
---->>now this stock is facing the resistance from 4200 level, a fall back is noticed.
on bottom side we find a support zone identified at 3700 and also the trendline is pushing the price upside.
------->>keep in long side as long as price is above the trendline and support zone.
If price breaks the trendline then look for short side below the support levels, after a rejection from support level at 3700.
REVERSAL on EICHER MOTORS with R:R of 6.5as we may notice that market showing some bullish bias and auto sector is not an exception and pretty decent results were posted by the auto companies. This point may be the reversal for NSE:EICHERMOT as well, with stoploss of 2.5% for the target of min. 15% .
Eicher motors looks good if closes above 3710Eicher motors looks good if closes above 3710. Stock pe currently at lowest levels
Eicher longFrom march low, we can see higher high and the sequence is incomplete, so at least two hight ((3)) and ((5)) we can see,
to buy blue (5) which will complete ((3)) we can buy 3825-3744 with SL of 3600
also from dec high, the first pullback is corrective 3 back which is a bullish sign (once correction done)
Note: this is my view, plz trade as per ur risk
Above 4260 Looks Strong BullishCurrently this can be fake breakout. But if it sustain above 4260, one can enter into this stock will give handsome return in coming months.
EICHERMOT : Riding on WAVE C on weekly Chart**Swing Trade Opportunity Analysis 🔄📈**
EICHERMOT has successfully concluded its ABC structure on both Intermediate and Primary Chart setups, finalizing its WAVE 4 correction on the daily chart. The stock appears poised for a reversal, setting the stage for WAVE 5 on the daily chart.
Considering this, we recommend a Buy position with a strategically placed tight Stop Loss for minimal risk exposure. This trade is anticipated to offer a favorable Risk/Reward ratio, enhancing the potential for a rewarding outcome.
*Note: Execute trades judiciously and adhere to risk management principles. Happy trading!*
