EICHER MOTORSBelow 200 EMA on daily basis + in LH LL setup. Will looking for down side 2300 round levels.
Eichermotors
Nifty, Banknifty and top stocks analysis for tomorrow + levelsMy view on Nifty, Banknifty, top stocks and the gainers & losers of today.
EICHER motors entering UPTREND.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
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Eicher Looks GoodEicher Motor looks good good on current level for 3350 with the stop loss of 2740...!!
Eicher motors Fib retracement ❗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
Eicher Motors Triangle Pattern BreakoutTriangle Pattern Breakout in Eicher Motors. Nifty Auto also forming Triangle Pattern , Bullish on Auto Sector for next 3 Months.
Eicher Motor breakout possible!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!
Eicher Motors Short Term Reversal 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.
Eichher Motors Looking Bullish
All the key levels are mentioned in chart with Stop-loss and Targets
Findings Mr. ATUL
BBC
Wave Counts
Key Levels
Volume above Average
Macd in Weekly Uptick
Macd in daily positive and Uptick and also above zero line
RSI IN DAILY ABOVE 60
DMI & ADX POSITIVE UNGALI
Disclaimer
I am not sebi registered analyst
My studies are Educational purpose only
Please consult with your Financial advisor before trading or investing
Eicher MotorsMay seems like a perfect HnS, possibly a reversal kind of setup, just wait and lets see!!!
Eicher Motor H&S patternEicher Motor has formed a H&S pattern at the top of the price trend. Wait for break of the neckline before taking a trade.
Watch for overall Nifty Auto direction too before shorting.
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EICHER MOTOR
BUY ABOVE 2700
STOPLOSS 2650
Eicher Motors Shorting Scenario
Rising wedge on shorter time frame and
Reverse flag and pole in longer time frame provide good Risk Reward scenario in Eicher motors for shorting.
Considering the fact the Pre open market shows huge gap down, it confirms the move even more.
Positional as well as intraday.
Eicher Motor Bullish breakoutEicher Motor Bullish breakout may be occurs in next week keep eye on it
EICHERMOTI'm not an expert I'm just sharing my views on EICHERMOT for next trading day
I'm not responsible for any profit or loss this is not a recommendation
EICHER MOTORS LOOK OUT FOR THESE LEVELS!!! ALL THE LEVELS AND PATTERNS ARE MARKED ON CHART, RED ZONES DENOTES SUPPLY ZONES AND GREEN IS FOR DEMAND ZONE .
BUY ABOVE 2605; STOCK HAS TAKEN SUPPORT FROM 100 EMA IN 15 MINS TIME FRAME
The indicator used:
1) Daily Lines plots Daily 20 (BLACK) & 50 EMA (GREY) on lower time frame charts
2) TE-REKAB
- PB : PULLBACK
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