EICHERMOT trade ideas
Eicher longFrom march low, we can see higher high and the sequence is incomplete, so at least two hight ((3)) and ((5)) we can see,
to buy blue (5) which will complete ((3)) we can buy 3825-3744 with SL of 3600
also from dec high, the first pullback is corrective 3 back which is a bullish sign (once correction done)
Note: this is my view, plz trade as per ur risk
EICHERMOT : Riding on WAVE C on weekly Chart**Swing Trade Opportunity Analysis 🔄📈**
EICHERMOT has successfully concluded its ABC structure on both Intermediate and Primary Chart setups, finalizing its WAVE 4 correction on the daily chart. The stock appears poised for a reversal, setting the stage for WAVE 5 on the daily chart.
Considering this, we recommend a Buy position with a strategically placed tight Stop Loss for minimal risk exposure. This trade is anticipated to offer a favorable Risk/Reward ratio, enhancing the potential for a rewarding outcome.
*Note: Execute trades judiciously and adhere to risk management principles. Happy trading!*
EICHERMOTORStocks trading near 2 Day high as well as with rising volumes and closing strong , indicating a possible breakout
I am not SEBI register Advisor and I am not any trade and tips recommend here, This Idea post on this Channel Only for educational knowledge & learning purpose, I am not provide any trading tips, Before any Trade Advice your Financial Advisor, I am not responsible any profit and loss
**EICHERMOT - Accelerating Towards New Horizons**
📈 **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 strong volume, a clear indication of sustained bullish momentum.
📊 **Technical Indicators:**
The MACD/Signal line bullish crossover and its sustained nature add a robust technical confirmation to the positive market sentiment. The stock is trending up nicely, consistently achieving consecutive new highs, showcasing a compelling upward trajectory.
💡 **Breakout Confirmation:**
Evidenced by a positive breakout and a continuous upward trend, EICHERMOT is not just meeting expectations; it's exceeding them. Both daily and weekly Heikin Ashi patterns signal a bullish continuation, underscoring the potential for sustained upward movement.
📅 **Recent Performance:**
As of November 15, 2023, EICHERMOT reached a high of ₹3860, closing at ₹3848.30, further solidifying its position as a top performer. Looking back, on November 1, 2022, the stock was at ₹3889.65, and by June 2, 2023, it was at ₹3748. These levels demonstrate the stock's resilience and ability to recover and surpass previous highs.
📊 **Trade Recommendation:**
Capitalizing on this robust performance, consider going long above ₹3860, with a strategically placed stop loss below ₹3429. This trade aligns with the recent positive trend and positions traders for potential continued gains.
🚀 **Why Act Now?**
EICHERMOT is not just a stock; it's a journey towards new horizons. With a strong one-year high, positive breakout, and consistent bullish patterns, this is an opportunity to ride the upward momentum! 📈💰
#EICHERMOT #BullishTrend #StockMarketOpportunity #FinancialSuccess #TradeSmart 🚀📊
EICHERMOTO - Ascending triangle pattern formation in 1D timeframAn ascending triangle pattern appears to be formed in EICHERMOTO 1D timeframe.
Can be a good trade for swing traders.
Go long if it breaks the level of ~3464.00
1st target - 3520.00
2nd target - 3589.00
Please do you own analysis before investing. This is just for educational purpose.
Happy Trading :)