Two possible scenarios from my angle lets see how it reacts. Already two times it broke my stop loss and stopped my trade. One last try :)
Eicher Motors has recently completed Cup & Handle pattern and is all set to reach all the way to INR 4500 in a 9-12 months time horizon from current levels.
📊 Script: EICHERMOT 📊 Sector: Automobile 📊 Industry: Automobiles - Motorcycles / Mopeds Key highlights: 💡⚡ 📈 Script is trading near Double Bottom Neckline which is resistance level 4010, and giving breakout of it. 📈 MACD and Double Moving Averages are giving crossover. 📈 RSI is around 61. 📈 One can go for Swing Trade. ⏱️ C.M.P 📑💰- 4019 🟢 Target 🎯🏆 -...
Eicher Motors is around the medium term support !! Stock has never broken support working from 2020 Log Chart support is working beautifully and has support around 3500-3600 On a Linear Chart stock has made 2 support and recently short term support working Linear chart support is around 3480-3520 !! Stock is Goof until support is intact !! Thanks !!...
----->>this stock is continuously moving upwards... ---->>now this stock is facing the resistance from 4200 level, a fall back is noticed. on bottom side we find a support zone identified at 3700 and also the trendline is pushing the price upside. ------->>keep in long side as long as price is above the trendline and support zone. If price breaks the trendline...
as we may notice that market showing some bullish bias and auto sector is not an exception and pretty decent results were posted by the auto companies. This point may be the reversal for NSE:EICHERMOT as well, with stoploss of 2.5% for the target of min. 15% .
Hello Most people Do get Fascinated just by seeing last days 6% move and tempted to buy the stock, I would really wanted to tell them please Never do this and if you do so and what if it ll Reverse from there, and You ll curse yourself that market is against you, and That is not the Truth. Anyways Here is a Update For you. Congestion Zone 3646-3763 and...
📈 **Market Momentum:** EICHERMOT is currently in the spotlight, exhibiting a compelling rise in both price and volume over the last few sessions. The stock has not only reached a new one-year high but is actively trading with substantial volume, underlining the strength of its market position. The latest tick echoes a robust price surge, further supported by...
#Eichermotors - superb Fib retest and bounce. PS : Only for learning purpose. Please consult your financial adviser.
Eicher Motor is making flag pattern at 1H time frame you can trade Eicher Motor with small stop loss. Entry : 3349 StopLoss : 3331 Target : 3390,3400,3430
Eicher motor elliot wave analysis daily time frame 1,2,3,4or wave complete price down side come wave a,b,c and retracment wave 1 62%
buy 3202 stoploss 3180 target 4000 eicher motor elliot wave analysis
As per my analysis, I am expecting more down side on $NSE:EICHERMOT. Best level to take sell entry will be 3208 with stop loss of 3270 (+62 points risk). My expected downside would be 3096 which is strong support and buying area. Note: This is my personal analysis, only to learn stock market behavior. Thanks.
eicher motor best price buying 3355 or 3142 final stoploss 3100 upside target 4000 time next 6 month wait right level
Eicher motor complete analysis weekly chart wave analysis chart link open zoom in and zoom out
observations: ---->> A strong gap up is observed, and continue to moving towards resistance. It is near to resistance, where previously strong fall happens. now look at the reaction at these levels to go further upside or downside momentum. careful before going long, above this levels. (3750 level )
Hi friends eicher motors is looking long with good risk reward ratio hope it is usefull...
I see a chance for Eicher motors to bounce from that region. Once it reaches the target I plan to long it. Hope it helps :)