Sök
Products
Community
Markets
News
Brokers
More
SV
Kom igång
Community
/
Idéer
/
Eicher consolidating in a range.
EICHER MOTORS LTD
Eicher consolidating in a range.
By Mambotrade
Följ
Följ
27 nov. 2022
1
Heja
Heja
27 nov. 2022
Eicher motors on the daily time frame has been trading in a narrow range of 50-60 points which is unusual of this kind of stock.
The stock on the weekly time frame has tested its 20 ema and formed a hammer doji.
The stock has been falling for 2-3 weeks and can give some retracement before continuing another leg.
3 point confirmation.
1. Taking support from 20 ema.
2. Box consolidation on daily time frame.
3. Hammer candle on daily and weekly time frame.
The markets are in bullish move and the stock can give a good up move.
Let the stock cross and sustain above 3415 levels. A swing and intraday trades can be initiated once the levels are sustained.
Target :- 3500, 3555
Stop loss :- 3356, 200 ema(4-hour time frame).
Wait for a price action near the price levels before entering the trade.
BANKNIFTY
Candlestick Analysis
eicher
eicheranalysis
EICHERMOT
eichermotolong
eichermotorltd
eichermotors
eichermotorsshort
Moving Averages
NIFTY
Support and Resistance
Mambotrade
Följ
Följ
Related publications
Wipro giving a trendline break out.
av Mambotrade
Nifty daily analysis for 28/11/22.
av Mambotrade
Banknifty daily analysis for 28/11/22
av Mambotrade
Gail waiting for a break out on higher time frame.
av Mambotrade
Frånsägelse av ansvar
Informationen och publikationerna är inte avsedda att vara, och utgör inte heller finansiella, investerings-, handels- eller andra typer av råd eller rekommendationer som tillhandahålls eller stöds av TradingView. Läs mer i
Användarvillkoren
.