Eicher Motors Limited
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Eicher Motor India Sun Storm Investment Trading Desk & NexGen Wealth Management Service Present's: SSITD & NexGen Portfolio of the Week Series
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EICHER MOTORS - at short term supportThe structure of the chart becomes weak after a massive fall in today's session.
Though currently, it is trading at short-term support, if held we may see a temporary bounce back in the stock.
Immediate Resistance at 2800
Type of Trade: contra - risky.
Freefall may be seen in the stock below 2700 levels, hence be careful.
Disclaimer: Not a recommendation to trade
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.
Thanks for watching.
All the best
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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