EICHERMOT trade ideas
Eicher longBreaking 2300 level isn't a joke in Eicher motor. That can happen if banks and finances decided it to happen. It already broke negative trendline and if autos supports eicher can boom. Clear RSI bullish divergence is also visible.
Eicher motor head and shoulderEicher motor is forming head and shoulder pattern in the weekly time frame.
The neckline has been retested around 2500 level.
Eicher MotorsMay seems like a perfect HnS, possibly a reversal kind of setup, just wait and lets see!!!
LONG oPPORTUNITY ON eicher motorbuy eicher motors with a stoploss of 2387 for a short term target of 2690 and 2980
EICHER MOTOR HOURLY CHART GIVEN A CHANNEL BREAKOUT . SUPPORT AROUND 2330-2345 , FST TGT AROUND 2400-2410 CAN COME IN INTRADAY . 2470-2485 NEXT TGT
POSITIONAL INVESTMENT VIEW IN #EICHERMOTPOSITIONAL INVESTMENT VIEW IN #EICHERMOT
EICHERMOT LOOKING VERY STRONG CMP 2385 KEEP ADDING 200 DMS SUPPORT
STOP LOSS - 2300 CLBS
TARGET - 4200 4400 4600 +++
Eicher Motor H&S patternEicher Motor has formed a H&S pattern at the top of the price trend. Wait for break of the neckline before taking a trade.
Watch for overall Nifty Auto direction too before shorting.
Is it going up? If it has to go u, should move fast now stop Marked. May hit 2830 +/-,
This not any trading or investment advice
buy eicher motorseicher motors has surpase the resistance level 2700 in 60 min chart. we can see 2800/2880 till it holds 2650
Eicher Motor @ Target 3000 Entry 2700 SL 2660Eicher Motor @ Target 3000 Entry 2700 SL 2660..Pls do your Anaylsis before Investing.
EichermotOn 1 hr time frame
1. broken 200 EMA on 12th Feb
2. Price got rejected at 200 EMA
3. Currently following a trendline (black)
Any confirmation of trendline break and price below 200 EMA will confirm further fall.
This is just for an educational purpose.
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EICHER MOTOR
BUY ABOVE 2700
STOPLOSS 2650
EICHER MOTORS EICHER MOTORS Rising patter RED LINEs are target for INTRADAY or BTST Trade on Your own RISK N REWARD
