EICHERMOT trade ideas
EICHER MOTORS All key points in above picture
Disclaimer :
Trading is not recommended on my study . This is purely my study based on technical charts and for educational purpose only. Please do your analysis before taking any trades given by me. I MUST not be held responsible for any profit or loss out of any trades you take on our advice. All Disclaimers Apply.
Daily tf AnalysisDaily tf Analysis,follow the levels given on chart for breakout. Price may follow horizontal resistance near trend line.
EICHERMOT - Bounce or BOEICHERMOT :
Did we miss the fall? No We expected correction/fall from 2775-2780 range and it happened.
Currently on trend line, below 50/100/200 EMA lines. Breaking this and sustains - next level will be 2410, below 2325.
Add to watchlist -
Please spend time on own research before investing.
Eicher MotorsBullish Diversion on Day Chart
2500 is good support
Levels to watch for Swing trade
Down Side
2450|2430|2410
Eicher MotorsOne can go long for Quarterly Target- ATH arong 3050.
Stock at accumulation Zone
Showing Strength on daily chart.
Could be false breakdown-
Fundamantally Company is strong.
Moonsson Season is always good for such stocks
eicher motor try buy at low pricesEicher motor expected to move forward
best buying price will be around 2700
INTRADAY TRADE SETUP Buy Above 2743
Target 1= 2756
Target 2=2769
Target 3=2783
Sell Below 2717
Target 1= 2704
Target 2=2691
Target 3=2678
Breakout: Eicher Motor 1. EicherMotor formed head and shoulder patter
2. Breakout on 7th resistance point.
3. Currently on Retesting. May expect a bullish move.
- This is for educational purpose, do you own research before doing anything.
2-3 MonthsRSI above 50 in weekly frame .
Candles are above 50 EMA .
Clear Symmetrical triangle pattern formed .
We can expect little correction .
EICHERMOT clean breakout For educational purpose only .
can go long as it is clean breakout from the levels.
Eicher Motors Short Term Reversal The stock has reached lower trend line and looks to take support and may undergo a reversal rally. Trade is supported by brokerage calls and Supports Nearby & 200 EMA .
Risk Reward Ratio - 2:1
SL is placed below multiple major support zones & 200 EMA and target is place near swing, channel and all time high.
EICHER MOTORS Shorting the stock has started to look more favourable as RSI is trending down.
Any cross below the current POC will invite a bear attack!!
Stock under extreme consolidation.
Eicher MotorEicher motor have trendline support if stock respect the trendline then go bullish on day
Buy Eicher. Preempting the breakout. This is my Techno-Funda recommendation. This is a Eicher Moters weekly chart. You can see stock is consolidating on weekly basis. You can buy this stock as investor for medium to long term. As the stock has not given a breakout do not put all the money once. Rather add few on each dip. The stock has first target of 2800 followed by 3035. The stock will give a clear breakout above 2780 weekly basis. As per Fibonacci targets are 3492, 4228, 4964, 5419. Keep a SL 2640 and start buying slowly.
View - Medium to long term. 1 year plus.
EICHER MOTORS Impending Breakout of Flag and Pole StructureEicher Motors is currently trading in a short term flag i.e. consolidation after a runup from 2400 levels. Now it seems it will break out of flag structure. It is a buy after breaking 2724.7 for near term targets of 2788.5 and 2841.65.
