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
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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%
Wedge shape pattern appearing at the start of the wave indicates decline.The wedge pattern is nothing but a triangle wave to be counted as wave 1 All the best. Eicher motor is a sell.
Wave 2 of wave C has gone beyond the start of wave 1 of wave c. The analysis of the head and shoulder patterns has already ended. there will be no extensions. Square off positions to save capital. all the best.
Head and shoulder pattern formation. The wave count is also corroborating the pattern. all the best. happy trading
Here is my view on analysis for short term swing in Eicher motors. PS- Put stop loss below that breakout candle