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Eicher

Reaching Congestion Zone.Hello Most people Do get Fascinated just by seeing last days 6% move and tempted to buy the stock, I would really wanted to tell them please Never do this and if you do so and what if it ll Reverse from there, and You ll curse yourself that market is against you, and That is not the Truth. Anyways Here is a Update For you. Congestion Zone 3646-3763 and As peer me 3300-3350 is Buy Zone Place Your Stop Loss Below 2800 On WCB and Look for target 4149 & 4960 so Basically it is a more then 1:2.5 when it go to 4960. Its a weekly Timeframe Trade so Keep that in mind and Trade Safe. All the best. Gratify if you appreciate the practice then you can like it, share it and If you want me to investigate any chart for you then would cherish doing that for you. Thank you for your time and support. Stay safe.
NSE:EICHERMOTLong
by Anany_shringi
Breakout in Eicher MotorStock has been in accumulation phase from 6 months. Today is a good breakout with huge volume and some news for overall sector. Shares of Royal Enfield-maker Eicher Motors rose over 6% on January 2 as the company reported 25% jump in motorcycle sales in December. In a stock exchange filing, the company said its total motorcycle sales in December rose 25% to 79,466 units as against 63,387 units in the year-ago period. The company's international business outperformed by rising 90% to 11,575 units. Above paragraph is borrowed from news portal. Strategy would be to wait for PULLBACK and let price retrace back to 5150 and then buy, now since price have moved away reward to risk ratio is not favorable.
NSE:EICHERMOTLong
by Pranam18
Breakout in Eicher MotorStock has been in accumulation phase from 6 months. Today is a good breakout with huge volume and some news for overall sector. Shares of Royal Enfield-maker Eicher Motors rose over 6% on January 2 as the company reported 25% jump in motorcycle sales in December. In a stock exchange filing, the company said its total motorcycle sales in December rose 25% to 79,466 units as against 63,387 units in the year-ago period. The company's international business outperformed by rising 90% to 11,575 units. Above paragraph is borrowed from news portal. Strategy would be to wait for PULLBACK and let price retrace back to 5150 and then buy, now since price have moved away reward to risk ratio is not favorable.
NSE:EICHERMOTLong
by Pranam18
EICHERMOT Bullish Buy A Bullish Flag is a technical analysis pattern that suggests a potential continuation of a bullish trend. Here's a description of the Bullish Flag pattern in Eicher Motors: Pattern Description: Flagpole: The stock price of Eicher Motors has been in a strong uptrend, forming a flagpole (a sharp, almost vertical rise in price). Consolidation: After the flagpole, the stock price has consolidated within a narrow range, forming a flag (a rectangular or triangular shape). Upper and Lower Boundaries: The flag has upper and lower boundaries, which are roughly parallel to each other. Breakout: The stock price is expected to break out above the upper boundary of the flag, continuing the bullish trend.
NSE:EICHERMOTLong
by baddonkey99
EICHER MOTORS - at short term supportThere's a formation of Bullish Bat Pattern on the hourly chart of the Eicher Motors, Bat pattern is a five-legged harmonic pattern that provides us with potential reversal zones, from where stock usually witnesses sharp recovery or fall as the case may be. Here 3407-3434 is the PRZ that the pattern provided as we did see the sharp recovery back from there. The pattern PRZ is also coinciding with the daily chart support levels around 3400. Now sustaining prz , we may see stock testing 3500- 3570 in the coming trading sessions. Trade type: Reversal Long Trade Pattern: Bullish Bat Pattern Support: 3400-3434 Target: 3500-3570 CMP: 3464 How to Buy: Time your trade from lower timeframes, to manage your risk better.
NSE:EICHERMOTLong
by manuagarwal21