MarketsWithKR

Eicher Motors breakout retest with RSI 60—a good long candidate?

做多
NSE:EICHERMOT   EICHER MOTORS
EICHERMOT is retesting its breakout zone with RSI at 60 and support at 13DMA (not pictured here). FIB extension targets are highlighted. First resistance can be 2800 (also happens to be 23.6% FIB). A few auto stocks seem to be in momentum and have retraced so the sector seems to be in a good mood, too.

If we observe, Eicher had formed an H&S, took support and is now retesting around the left & right shoulder levels.

Stop can be placed below 2700, around 2670-2680.

免责声明

这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。