Here’s a brief Al Brooks-style analysis of the Eicher Motors daily chart: The stock is in a strong uptrend channel, indicating sustained bullish momentum. A recent pullback formed a bull flag, and price has bounced near the channel's lower boundary, suggesting buyer interest at support. The candle breaking the flag is strong, hinting at resumption of the...
Ashok Leyland daily chart: The stock was in a descending channel (bull flag), indicating a pullback in a larger uptrend. It recently had a bullish breakout from the channel with strong momentum, suggesting the bulls are trying to resume the uptrend. Price is now pulling back to the breakout zone (~231), which is a typical "breakout pullback" setup. As long as...
It's clear break out stock, it provides measure move up also risk is high. But less chance for pullback also. Decent position is good here, but target point we can't get more than 1:1 here. But good learning from this breakout. Quality of break out.
There is chance for triangle BO, but need careful about these kind of BO 70% will fail, but if it continues without failing 2x even 3x price advantage is possible. So better we could bed on this BO. Already All time high BO happened and retested and breaking again. If i want to tell this in AL Brook style, It is failure of BO failure.
Price moves away from value area, so buyer has chances to move price further move up.
Stock reported good sales & PAT surprise. Volume and Price validated - positive sign RR - is good for W timeframe
Fundamentally strong & No supply or not impacting for broader market condition. Technically shows very strong uptrend, value is pausing now. CMP is low risk and high reward opportunity for investment. . . . . . . . . View are educational purpose not buy/sell advice.
Unique in technology, fast growing company. Price action tells this stock going to rocking.
Divergence & break out opportunity in this stock, potential to give good break out opportunity.
* One of the industry leader * Fundamentally good one * Technically good position
My view on this, 1) Textile industry is hot 2) Almost debt free stock & fundamental is strong enough 3) Outperforming all market condition 4) Best while comparing with peer companies 5) Channel break out