Eicher Motors - Positional Trade set up on weekly charts
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.
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EICHERMOT trade ideas
EICHER MOTOR (Long)Crossed 200 EMA on daily chart.
Good Volume seen.
Many times it has bounced up from this Demand zone
Demand zone marked on chart 2529 to 2587.
Supply zone marked on chart 2699 to 2755.
Made a "W" pattern on Daily Time Frame ready for breakout.
Buy above 2620 once retested this level for a Tgt of 2700 - 2750 - 2860 Keep SL 2529
please do correlate by yourself also on charts. This is for educational and paper trading purpose only. Please consult your financial advisor before investing.
EICHERMOTNSE:EICHERMOT
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EICHER motors entering UPTREND.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
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EICHER MOTORS LONGEicher Motors is a very good stock available at a very good price. try to accumulate at this level and buy on dip at support levels for long term. short term and long term all tgts are given on the chart. Must Correlate yourself on charts before taking an entry. This is for Educational purposes only. Please consult your Financial advisor before investing.