Eicher Motors has recently completed Cup & Handle pattern and is all set to reach all the way to INR 4500 in a 9-12 months time horizon from current levels.
----->>this stock is continuously moving upwards... ---->>now this stock is facing the resistance from 4200 level, a fall back is noticed. on bottom side we find a support zone identified at 3700 and also the trendline is pushing the price upside. ------->>keep in long side as long as price is above the trendline and support zone. If price breaks the trendline...
📈 **Market Momentum:** EICHERMOT is currently in the spotlight, exhibiting a compelling rise in both price and volume over the last few sessions. The stock has not only reached a new one-year high but is actively trading with substantial volume, underlining the strength of its market position. The latest tick echoes a robust price surge, further supported by...
eicher motor best price buying 3355 or 3142 final stoploss 3100 upside target 4000 time next 6 month wait right level
Eicher motor complete analysis weekly chart wave analysis chart link open zoom in and zoom out
Eicher motor monthly chart bullish this time eicher wave 5 move upside . wave 5th characters price move side slow compare 3rd wave
EICHERMOT is trading near Major zone as of now. 4 times it reversed from this level and it is acting as a Major supply zone. So what can be strategy for me... I will see 1 hours & 15 chart and if its creating HH< HL then i will go with positive.....if it break level then it will be massing selling here and can good to with trend. Follow prices action in 1 hour...
As per analysis, best level to take entry on NSE:EICHERMOT is 3340 with stop loss of 3275. My expected up side targets will be 3410 & 3495. This could be low risk and high reward idea. Note: This is my personal analysis, only for learning. Thanks.
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...
KISS style of trading Keep It Simple Stupid! NSE:EICHERMOT