Eicher Motors - Quick Short term long TradeFalling wedge on low time frame...
Pretty Simple and Good Risk reward trade here.
Long 2530
Target 2585 / 2600
Stop 2500.
Eicher Motors Limited
No trades
Market insights
Go short if open flat or almost flat and cross level Go short if open flat or almost flat and cross level
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Eicher Motors - BearishEicher Motors CMP - 2532.50
Looking bearish in shorter time frame. One can go for Intraday Trade setup with the following entry, exit & targets
Sell at or Below ONLY 2525 / Stop Loss - 2538
Target 1 - 2515
Target 2 - 2505
Target 3 - 2495
Disclaimer: This is my view and for educational purpose only.
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
EICHERMOT - Bullish Wolfe WaveEichermot formed bullish wolfe wave at 30 Mins TF. Targets on chart...
Eicher { Short 15M }Shooting star in formation at resistance . Short at the break of candle low can be a good bet here . we'll put TSL as PCH ( previous candle high ) till target hit .
Eicher Motors Ascending TriangleEicher Motors forming ascending triangle if breaks 2604 level immediate go for long
RRR is more than 1.5
Happy Trading....
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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The analysis is my POV, hope you got bucks in your pocket to consult a financial advisor before investing :P :)
HAPPY TRADING!
Eicher { 15 M Short }We'll short below the line mentioned. As pcl breaks below the line we will take our entry and ride the downfall till TSL hits or target reach.
TSL - Previous candle high ( PCH )
INTRADAY { SNR TRADE 15 M tf }This is at W frame resistance ready to reverse. we can short at previous candle low break and trail the stop loss by previous candle high ( PCH ), till the target hit as mentioned in the chart
Eichermot - Elliott wave analysis Eichermot - It is in corrective zone and B of Y wave is about to finish soon. Sell near 2200-2220 level with stop loss above 2304 for target below 2000 or lower level.
EICHERMOT - Elliott wave analysis - Go short on bounce EICHERMOT - It was dropped in diagonal wave A and will start correcting in B wave up, so go short near 2175-2230 zone with stop loss above 2304 for target below 2040 or lower. The pattern ABC will be the part of (Y) wave down.
Give thumbs up if you really like the trade idea
EICHERMOT (NSE) - Elliott wave analysis - sell on bounce EICHERMOT - It is in complex correction and the last fall in 15 min time frame was impulse down as wave A and need to correct higher in wave B. So sell it with stop loss above 2303.10 level near 2220-45 zone for target below 2100 as C wave as the part of W of (Y) wave down.
Give thumbs up if you really like the trade idea.
Eicher Motor - Intraday Trade SetupEicher Motor CMP - 2194.45
Looking bullish. One can go for Intraday trade setup with the following entry, exit & targets
Buy Only above 2197 - 2200 / Stop Loss 2185
Target 1 - 2205
Target 2 - 2212
Target 3 – 2220 / 2230
Note: This is my view and for educational purpose only
