Risky trade, Breakout seen on daily charts of #EICHERMOTOR CMP #4350 SL - 4250 TARGET - 4400-4450-4500++
#EICHERMOTORS showing Good Momentum on weekly Chat as well as daily chart. We can Expect Tgt of 3374-- 3463 & of 3556 toward upside.
Volumes look satisfying. Inside the triangle a channel was just broken so a volume thurst can lead to breaking of triangle's trendline. Keep an eye. Simple price action , no jazz!
Resistance at upper trend line One can Short with SL of 0.886 retracement (closing basis) Reversal can be seen at 2120-2110 levels