Eicher motors facing strong resistance 2750 to 2800 zone..
Eicher motors facing res 2750 level..keep watching the level 2750 for a breakout or a reversal
When it comes to the technical analysis of EICHER MOTORS , you might get an impulse to the upside. Based on my technical analysis , there aren't many resistances till the Target 1. So you may use this as a buy opportunity. If you are going in, better find a pullback. I have marked a good entry area on the chart; you may use it as an entry area; which is a...
Educational Idea: Most of the Novice conventional traders use support and resistance levels. If the support breaks, they tend to short-sell the scrip & try to profit out of it. And, if the resistance breaks, they go long. But the majority of the time, they become a victim. Let me get this straight. Let's take an example, in this case, Eicher Motors. When...
Leading automotive company ROYAL ENFIELD motorcycles in 2 wheelers Commercial Vehicles in JV with Volvo- Trucks and carriers Company data- www.eicher.in Good market share, nice products, low debt and a forward looking management.
The structure of the chart becomes weak after a massive fall in today's session. Though currently, it is trading at short-term support, if held we may see a temporary bounce back in the stock. Immediate Resistance at 2800 Type of Trade: contra - risky. Freefall may be seen in the stock below 2700 levels, hence be careful. Disclaimer: Not a recommendation to trade
Below 200 EMA on daily basis + in LH LL setup. Will looking for down side 2300 round levels.
My view on Nifty, Banknifty, top stocks and the gainers & losers of today.
Eicher motors downtrend is almost over as shown by the RSI comming to a suppot level, MACD recovering and eicher motors is at support itself which was a previous resistances. I believe this will be an upside trending move after crossing 2505 levels . Buy above 2505 for the targets mentioned in the chart above. NSE:EICHERMOT If you like the idea please...
eicher motors is ready for something big after dip correction
Eicher Motor looks good good on current level for 3350 with the stop loss of 2740...!!
Eicher motors Fibonacci retracement ◽ Taking support at 2730 price which is Fibonacci 50% level ◽If it breakdown the level then we can short it ◽Weak sales data can also effect
Triangle Pattern Breakout in Eicher Motors. Nifty Auto also forming Triangle Pattern , Bullish on Auto Sector for next 3 Months.
KISS style of trading Keep It Simple Stupid! NSE:EICHERMOT
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!
The stock has reached lower trend line and looks to take support and may undergo a reversal rally. Trade is supported by brokerage calls and Supports Nearby & 200 EMA . Risk Reward Ratio - 2:1 SL is placed below multiple major support zones & 200 EMA and target is place near swing, channel and all time high.
buy above 2753 with 2710 stop loss Take a trade at own risk