EICHERMOT trade ideas
Eicher { 15 M Short }We'll short below the line mentioned. As pcl breaks below the line we will take our entry and ride the downfall till TSL hits or target reach.
TSL - Previous candle high ( PCH )
INTRADAY { SNR TRADE 15 M tf }This is at W frame resistance ready to reverse. we can short at previous candle low break and trail the stop loss by previous candle high ( PCH ), till the target hit as mentioned in the chart
Eichermot - Elliott wave analysis Eichermot - It is in corrective zone and B of Y wave is about to finish soon. Sell near 2200-2220 level with stop loss above 2304 for target below 2000 or lower level.
EICHERMOT - Elliott wave analysis - Go short on bounce EICHERMOT - It was dropped in diagonal wave A and will start correcting in B wave up, so go short near 2175-2230 zone with stop loss above 2304 for target below 2040 or lower. The pattern ABC will be the part of (Y) wave down.
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EICHERMOT (NSE) - Elliott wave analysis - sell on bounce EICHERMOT - It is in complex correction and the last fall in 15 min time frame was impulse down as wave A and need to correct higher in wave B. So sell it with stop loss above 2303.10 level near 2220-45 zone for target below 2100 as C wave as the part of W of (Y) wave down.
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Eicher Motor - Intraday Trade SetupEicher Motor CMP - 2194.45
Looking bullish. One can go for Intraday trade setup with the following entry, exit & targets
Buy Only above 2197 - 2200 / Stop Loss 2185
Target 1 - 2205
Target 2 - 2212
Target 3 – 2220 / 2230
Note: This is my view and for educational purpose only
EICHERMOTORS Weekly Chart - (Positional)This analysis is purely based on Price Action
Analysis is done on Weekly Time Frame, Hence it may take few weeks to couple of months for price to reach target. Traders should consider this before entering into the trade.
As can be seen, Price has been testing the resistance level multiple times.
But this time, after getting rejected from that resistance level, it took good support from 200EMA and is again ready to test that resistance level. And good increased volumes can be seen in this long rally.
Trade Strategy -
(1) Entry after the resistance is broken with increased volume (on Day Closing Basis). SL can be just below 2004 level. Targets can be seen in green line in image.
(2) if breakout candle is big, then wait for retest and then enter. Put SL right below that resistance level because now it will act as Support.
(3) If price consolidates below this resistance level without making any new low.. then one can enter on high of green candle with increased volume and SL can be right below that consolidation zone.
*Trade on your own risk and money management*
Feel Free to comment for any queries or suggestions
EICHERMOT (NSE) - Elliottwave analysisEICHERMOT (NSE) - It is within correction after completing impulse in 4 hr time frame. The up move from last low is ABC zigzag, which will ends with one more high. Thereafter It will go down for (Y) wave. Sell only after confirming impulse down in 5 min time frame.
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EICHERMOT - Elliott wave analysis - Buy set upEICHERMOT - It has completed impulse at last swing high and now correcting down the price. Within correction it is forming ABC zigzag up move, where B wave as expanding triangle is under progress. Buy the drop of e wave of B wave triangle near 2170-2150 zone for target around 2300. It may reverse than for (Y) wave down along with Nifty.
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EICHER MOTORS - Intraday Short for 6 Oct 2020Short at start of trading day if you find a Red candle for first 15 minutes
Rocket Deal #8Rocket Deal is a series of high probability breakout ideas with time horizon of 2-3 weeks with 10-15% targets . Most of the time you will see the breakouts within 2 days. This maybe useful for swing traders.
NSE:EICHERMOT in the consolidation zone. Stock will breakout soon. Risk Reward calculation is mentioned in the chart.
Assumption : Every trade idea begin with 100 bucks , Risk Reward statistics shows how much you may earn/loose when target/stop hits. Never stick to loosing trade.
EICHERMOT with a big fall downAfter big rise and touching strong resistance line, the price start to drop down because of the strong down force.I expect a big fall to the support area.
Eicher motors strong support at 20EMAEicher motors strong support at 20EMA. Today it breached 20EMA but with less than average volume.
SO possible for uptrend again
Eicher Motors Bullish Expected Return 40% minimum Eicher Motor one of most promising counter
This Monthly Chart is very bullish
3 White Soldiers and with confirmation
Target minimum 800-1000 points
Stop Loss 1950 levels on closing levels
EICHER MOTORS : 26 AUG 20 :WHAT TYPE OF PATTERN YOU CAN SEE HERE?
SEE ALL MY PUBLICATIONS IF YOU LIKE MY PATTERNS, THEN LIKE ME AND SHARE WITH YOUR FRIENDS AND RELATIVES THAT'S WHAT A MOTIVATION FOR EVERY REAL FACT HUNTERS.
THE PATTERN IS REVERSE HEAD AND SHOULDER.
