Eicheranalysis — Trading Ideas on TradingView

Breakout in Eicher Motor Stock 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.

Wave Theory in Motion: Understanding Key Patterns Elliott Wave Analysis: Example used chart of Eicher Motors (NSE: EICHERMOTORS) This analysis is provided for educational purposes only and does not constitute trading or investment advice. All wave counts are subject to change as the market evolves. Always consult with a qualified financial advisor before making any trading decisions. Overview: In this analysis, we will delve into the current market structure of Eicher Motors through the lens of Elliott Wave Theory. The focus will be on identifying the wave count, potential price targets, and critical invalidation levels. Wave Count: Starting from the low at 4253, we have a clear impulsive structure labeled as wave (i). This wave consists of five smaller sub-waves, denoted by i, ii, iii, iv, v. The subsequent correction, wave (ii), retraced part of this impulsive move, unfolding in a typical corrective pattern, which then led to wave (iii). This wave extended higher, reflecting strong bullish momentum, followed by waves (iv) and (v) completing the impulsive sequence near 4976 where we had labelled as wave 3 completed. From there, an Expanded Flat corrective structure began, identified as a ((a))-((b))-((c)) pattern, which seems to have completed near ₹4,548. This marks the end of wave 4, a corrective wave within a larger impulsive sequence. Currently, the stock appears to be in the early stages of a new impulsive wave, labeled as wave (i) of a higher-degree wave ((i)) of one more higher degree wave 5. Elliott waves Theory based Target Assumptions: Given that wave 3 of the previous impulsive move ended around 4976, we anticipate that wave 5 should extend beyond this level. The first target for wave 5 would be around 5000, If momentum is strong, we could see further extensions. Invalidation Levels: Critical to any Elliott Wave analysis is understanding where the wave count might be invalidated: Nearest Invalidation Level: A break below 4548 would invalidate the assumption that wave (v) of wave C has completed. This would suggest that the corrective wave 4 is still ongoing or that a different corrective structure is forming. Main Invalidation Level: Should the price fall below 4253.85, it would invalidate the entire bullish wave count, implying that a much larger corrective pattern is unfolding, or a change in the trend direction is occurring. Conclusion: Eicher Motors is showing signs of a potential new impulsive move to the upside, However, traders should keep a close eye on the invalidation levels at 4548 and 4253.85. Breaching these levels would require a reevaluation of the current wave structure and could signal a deeper correction. I am not Sebi registered analyst. My studies are for educational purpose only. Please Consult your financial advisor before trading or investing. I am not responsible for any kinds of your profits and your losses. Most investors treat trading as a hobby because they have a full-time job doing something else. However, If you treat trading like a business, it will pay you like a business. If you treat like a hobby, hobbies don't pay, they cost you...! Hope this post is helpful to community Thanks RK💕 Disclaimer and Risk Warning. The analysis and discussion provided on in.tradingview.com is intended for educational purposes only and should not be relied upon for trading decisions. RK_Charts is not an investment adviser and the information provided here should not be taken as professional investment advice. Before buying or selling any investments, securities, or precious metals, it is recommended that you conduct your own due diligence. RK_Charts does not share in your profits and will not take responsibility for any losses you may incur. So Please Consult your financial advisor before trading or investing.

Eicher Motors looking bullish Eicher Motors has recently completed Cup & Handle pattern and is all set to reach all the way to INR 4500 in a 9-12 months time horizon from current levels.

Eicher Motor Elliot Wave Analysis Eicher motor elliot wave analysis daily time frame 1,2,3,4or wave complete price down side come wave a,b,c and retracment wave 1 62%

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EICHER MOTORS--Near its Resistance??observations: ---->> A strong gap up is observed, and continue to moving towards resistance. It is near to resistance, where previously strong fall happens. now look at the reaction at these levels to go further upside or downside momentum. careful before going long, above this levels. (3750 level )

EICHERMOT Low Risk High Reward Idea As per analysis, best level to take entry on NSE:EICHERMOT is 3340 with stop loss of 3275. My expected up side targets will be 3410 & 3495. This could be low risk and high reward idea. Note: This is my personal analysis, only for learning. Thanks.

EICHER MOTORS - at short term support There'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.

EICHER MOTORS - NSE Leading automotive company ROYAL ENFIELD motorcycles in 2 wheelers Commercial Vehicles in JV with Volvo- Trucks and carriers Company data- www.eicher.in Good market share, nice products, low debt and a forward looking management.