this stock can give 100% returns, in 3,4 years (personal view)lots of people say, this stock is not for intraday, i don't believe i have made many many times money in this stock in intraday!
EICHERMOT trade ideas
Eicher Motors Buy at 14100 ST 13800We are doing Analysis of EICHER MOTORS on 1 Hour Timeframe.
The projected target from the breakout is usually the vertical distance from the low to the upper .
Note: This is only for Educational Purpose this is not an Investment advice.
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Thankyou
Ankur Verma
Twitter : Ankurverma3838
Eicher Motor Bullish Setup !! Hello, Friends Thanks for being part of our Trading Buddy we are happy to help you with your earning !!
I think i write everything on the chart with a basic explanation of Elliotte Wave analysis ( Impulsive + Corrective= "Elliote wave")
Eicher Motor is too Down now, In upcoming weeks we see a good rally in it So
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Eicher Motors (EICHERMOT - Nifty) - impulse wave patternEicher 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.
EICHER WITH FIBONACCI TOOLSAs we can see the above chart that the eicher is near 62% retracement area nearly all the stocks are same now checkout I'll oost them even
Eicher Motors Positinal ShortEicher Motors following the Pitch Fork Tool. Short positions can be taken cautiously.
Halfing of Eicher Motors (Monthly Chart)Head & Shoulder Pattern in Eicher Motors. Pattern Formation took 4 Years.
Support And Resistance – The House! EICHERMOTOR.----------------------------------Support And Resistance – The House!----------------------------------
Support and Resistance explanation:
Imagine that you are looking at a vertical cross-section of an "Old fashioned dolls house " which is shown in the schematic. Now you can see all the floors and ceilings in the house, and as you can see here we have a ground floor, first floor, second floor, and roof.
The market then moves lower, having reversed, back to the floor, where it consolidates.
The concept of Support and resistance is important for a number of reasons.
--> First, as we have already seen, a breakout from a consolidation phase can be validated with volume , and if confirmed, provides excellent trading opportunities . The so-called breakout trade s.
It is a WIN/WIN. You have the comfort of knowing that once the market has broken through a ceiling of price resistance, not only does this become a floor of price support, it has also become a barrier of price protection in the event of any short term re-test of this area. Any stop loss, for example, could then be placed in the lower regions of the price congestion. This is why breakout trading is so popular.
Eichermotors Short term Bottom SoonFundamentals aren't great for Companies like Eicher motor during this lockdown period.
Technical Analysis suggests short term bounce for Eicher motor.
Price Grinding low with less volume is a buy once we see a reversal candle on daily time frame.
Plus, Bullish Divergence on 4h and daily chart shows a bounce is due soon. My target is 15200 purely based on Technicals and S/R Zone.
Remember News can ruin this plan so trade accordingly
Eichermot short It was in the downswing after the Lockdown, company is stoped its manufacturing and its sales across the country.
EICHER MOTORS DOUBLE BOTTOM IN MONTHLY TIME FRAMEHI EVERYONE!
EICHER MOTORS FORMED DB IN MONTHLY TIME FRAMES
IT TAKES 1 TO 2 MONTHS TO REACH 23400
PLAN BUY ON EVERY SWING LOW DIPS
DONT PREFER SELL IN EICHER MOTORS
BUY MONTHLY CE OPTIONS
BELOW THIS DEMAND ZONE CLOSE EXIT
THANK YOU!
KEEP SUPPORTING & HAPPY TRADING!
EICHERMOT - Short trade yesterday - Delayed in updateHello,
Found lovely descending triangle setup yesterday, and took the trade with one lot for 500 points. but due to huge gap down opening trade covered 700 points and booked the profit.
Regards,
Satish
Fundamentally good stock at discount! Good for long term With all problems going around with the auto sector, it is still good at add at current levels. Last time it came around 100ema in 2008-2009. Big monthly support is also present. Started adding around 17000 price.
Eicher Motors - Bearish Bias - Can Short at current levels.Eicher Motors - Bearish Bias - Can Short at current levels.
eichermotGave bearish divergence at major resistance
tweezer top
sell below 22756
sl 23520
tgt 21670
eicher motor is looking bullishThis is predicted by Price action method
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