Here we can see a Swing Trade in NSE:EICHERMOT
BUY EICHERMOTORS
CMP 4355
TP 4803
SL 4020
Eicher Motors Ltd. engages in the development, design, manufacture, assembly and sale of two-wheelers, as well as related parts and accessories. It operates through Domestic and Overseas geographical segments. The Domestic segment includes sales and services to...
Buy Eicher Motors at
Buy at 3223
Buy at 2968
Target 1 - 3405
Target 2 - 3794
Target 3 - 3901
Long Term Target 4000++
Disclaimer :-
I am not SEBI registered. The information provided here is for education purposes only.
I will not be responsible for any of your profit/loss with this channel suggestions.
Consult your financial advisor before taking any decisions
Eicher motor ready for fresh move as shown in daily time frame. SL will be below 200 DMA.
first target will be near all time high.
20 MA may be first hurdle. after that will see price action. it has gud potential for upside . Follow strict SL & Proper RISK REWARD RATIO. This is the only holy grail in the market.
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 🎯🏆 -...
Chart shows Technical analysis of Eicher motor and Some points about tracking fundamental or Technical analysis in trading.
This is only for educational purpose. Do your own study before taking any trades
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 !!...
Eicher Motors currently trade in the range, as per the RSI its show the greater side of bullish momentum. Its take the support from the fib 0.618. If resistance will break than next target is 4200.
----->>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% .
From march low, we can see higher high and the sequence is incomplete, so at least two hight ((3)) and ((5)) we can see,
to buy blue (5) which will complete ((3)) we can buy 3825-3744 with SL of 3600
also from dec high, the first pullback is corrective 3 back which is a bullish sign (once correction done)
Note: this is my view, plz trade as per ur risk
