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Saptagirinivasa
Dec 30, 2021 12:40 AM

Eicher Motors - Positional Trade set up on weekly charts 

NSE:EICHERMOT1W
EICHER MOTORSNSE

Description

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ABOVE REDLINE - BULLS - LONG
BELOW GREENLINE - BEARS - SHORT

The stock will try to 2600 touch levels and may face stiff resistance. Go Long if price breaches REDLINE and sustains above on weekly chart.
Stop loss - Below redline - Weekly closing.

Short position - If price trades below GREENLINE.

Thanks for watching.
All the best

Trade active

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book 50 % profits. Trail the balance at cost
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