Bullish Diversion on Day Chart 2500 is good support Levels to watch for Swing trade Down Side 2450|2430|2410
One can go long for Quarterly Target- ATH arong 3050. Stock at accumulation Zone Showing Strength on daily chart. Could be false breakdown- Fundamantally Company is strong. Moonsson Season is always good for such stocks
Eicher motor expected to move forward best buying price will be around 2700
Buy Above 2743 Target 1= 2756 Target 2=2769 Target 3=2783 Sell Below 2717 Target 1= 2704 Target 2=2691 Target 3=2678
1. EicherMotor formed head and shoulder patter 2. Breakout on 7th resistance point. 3. Currently on Retesting. May expect a bullish move. - This is for educational purpose, do you own research before doing anything.
RSI above 50 in weekly frame . Candles are above 50 EMA . Clear Symmetrical triangle pattern formed . We can expect little correction .
seems Wave 3 starting now breaking out of consolidation
For educational purpose only . can go long as it is clean breakout from the levels.
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.
Take your own investment call , happy investing sagarokha
Support zone marked Good opportunity to buy in the zone. Keep suitable SL below zone
Shorting the stock has started to look more favourable as RSI is trending down. Any cross below the current POC will invite a bear attack!! Stock under extreme consolidation.
Eicher correction thoughts invalid if B crosses up the resistance level shown
Eicher motor have trendline support if stock respect the trendline then go bullish on day
This is my Techno-Funda recommendation. This is a Eicher Moters weekly chart. You can see stock is consolidating on weekly basis. You can buy this stock as investor for medium to long term. As the stock has not given a breakout do not put all the money once. Rather add few on each dip. The stock has first target of 2800 followed by 3035. The stock will give a...
Eicher Motors is currently trading in a short term flag i.e. consolidation after a runup from 2400 levels. Now it seems it will break out of flag structure. It is a buy after breaking 2724.7 for near term targets of 2788.5 and 2841.65.