Eicher Motors (EICHERMOT - Nifty) is in ABC zigzag correction in weekly time frame, which is in 5th wave of C down in current chart. 4th wave of C was triangle, but not broken down yet. If 5th wave down is started then it should not be going above that red invalidation line of triangle and making new low.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.