Eicher Motors Triangle Pattern BreakoutTriangle Pattern Breakout in Eicher Motors. Nifty Auto also forming Triangle Pattern , Bullish on Auto Sector for next 3 Months.
EICHERMOT trade ideas
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.
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.
