Chart patterns does insist me to go with opinion stated above.
Reasons:
1. Eicher motors is travelling (and respecting) in different patterns .
2. June 2022 , Eicher motors broke out of major triangular pattern and rose to about 35% .
3. Monthly(November 22) candle - Bearish engulfing candle , Oct 2022- Hanging man candle confirming the Bearishness.
4. It is also travelling in a ascending channel pattern (as you can see it is currently in the down move inside the pattern).
5. Stock has given Breakdown(11 nov candle) with superb volume out of a trendline.
6. Head & Shoulders pattern in Daily time frame and given breakdown on 2 Dec with good volumes.
7. Target & SL levels mentioned in the chart...
I can show things separately and clearly in weekly daily monthly charts...but trading view allows only members who have reputation of 10 (or paid ones) to use that feature while publishing ideas.
Soon I will earn that 10 points.
Sorry if chart looks so congested....Feel free to ask if there is any confusion.
Let's wait and watch how it moves!!!!
Note - Just Sharing my view...not a tip nor advice...
Reasons:
1. Eicher motors is travelling (and respecting) in different patterns .
2. June 2022 , Eicher motors broke out of major triangular pattern and rose to about 35% .
3. Monthly(November 22) candle - Bearish engulfing candle , Oct 2022- Hanging man candle confirming the Bearishness.
4. It is also travelling in a ascending channel pattern (as you can see it is currently in the down move inside the pattern).
5. Stock has given Breakdown(11 nov candle) with superb volume out of a trendline.
6. Head & Shoulders pattern in Daily time frame and given breakdown on 2 Dec with good volumes.
7. Target & SL levels mentioned in the chart...
I can show things separately and clearly in weekly daily monthly charts...but trading view allows only members who have reputation of 10 (or paid ones) to use that feature while publishing ideas.
Soon I will earn that 10 points.
Sorry if chart looks so congested....Feel free to ask if there is any confusion.
Let's wait and watch how it moves!!!!
Note - Just Sharing my view...not a tip nor advice...
액티브 트레이드
코멘트:
Bears looking strong.
코멘트:
11th nov candle- channel breakdown candle ....misplaced in chart...
코멘트:
Now..Bearish flag breakdown....volatile down move can be expected till 3150 level and further.
액티브 트레이드
코멘트:
Going as per pattern
코멘트:
may see a bullish move to 3340 level and then continue its down move!!
코멘트:
3035 ---0.5 fib support!!!
코멘트:
volatile move may occur in a week or 2
double top formation (need lower low to confirm)
double top formation (need lower low to confirm)
액티브 트레이드:
Good breakdown of the double top pattern!!!
거래청산: 타겟 닿음:
Target done!!!!
코멘트:
Completing the down swing??? 2800 major support,0.618 fib.....keep an eye on it!!!