EicherBottom out pattern formation on houly chart ,possible rebound from here after testing the bottom
EICHERMOT trade ideas
Eichermot- Long opportunityCMP=2585
It's in demand zone highlighted in box..
Near PRZ. Can accumulate in small tranche and add more once seen the strength.
Eicher Looks GoodEicher Motor looks good good on current level for 3350 with the stop loss of 2740...!!
Eichermot good for Positional TradeEichermot is on good support & looking bullish if sustain on closing basis above 2560 then will be Good for Positional Trade Target will be 2700 -2800 - 2900
Eicher motors Fib retracement ❗Eicher motors Fibonacci retracement
◽ Taking support at 2730 price which is Fibonacci 50% level
◽If it breakdown the level then we can short it
◽Weak sales data can also effect
eicher motorstime frame : 15 min
it is at its very crucial support levels , big move expected from tomorrow on either of one side
Price ActionTrend lines can be used to trade, if it closes beyond those trend lines trade can be taken respectively
Eicher Motors Triangle Pattern BreakoutTriangle Pattern Breakout in Eicher Motors. Nifty Auto also forming Triangle Pattern , Bullish on Auto Sector for next 3 Months.
Second graph one more timeThe lines of support and resistance. Two lines of support and two lines of resistance
eicher motors for positional trading daily candle of eicher motors
make your own analysis ,this is only for educational pourposes
keep atlest 1:2 risk reward ratio
Buy Setup with Good Risk/Reward for EicherMotEicherMot has a breakout. Buy EicherMot@Market with SL 2730. Target open.
Disclaimer :
Trading is never ever recommended as it is injurious to mankind. 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.
Breakout in daily time Breakout of strong resistance and breakout of double bottom patter if sustain above resistance level can go long for the level of 2876
And then 3000 keep a healthy and sl
EICHER MOTORS ( SHORT TERM )DISCLAIMER:
This video is for educational purpose only and not for investment .
Please consult your financial advisor before investment .Unless you understand risk related objectives in the market please avoid investing .
Eicher tried to break resistanceBut it has not been seen a strong break out as it is turned back. Let's see what will happen on Monday. will it come down or will take some time to go up?? please let me know guys what do you think !
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.
