Description:
Eicher Motors has broken out above a long consolidation band near the “Investment” zone and is now retesting the upper boundary of the flag/channel on the daily chart. Price is holding above the prior resistance turned support around 7,050–7,100 while staying aligned with the broader uptrend that started from the weekly controlling demand zone.
The current pullback into the highlighted demand box offers a low‑risk continuation long, with stop below recent swing support and upside potential projected toward the upper grey target zone around 7,800–7,900. As long as price sustains above the retest level and inside the rising structure, the bias remains bullish; a decisive close back below the support band would invalidate this setup and call for re‑evaluation.
#EicherMotors #EICHERMOT #NSEStocks #IndianStockMarket #SwingTrading #FlagBreakout #BreakoutRetest #Uptrend #InvestmentZone #DemandZone #TechnicalAnalysis #PriceAction #StockMarketIndia
Eicher Motors has broken out above a long consolidation band near the “Investment” zone and is now retesting the upper boundary of the flag/channel on the daily chart. Price is holding above the prior resistance turned support around 7,050–7,100 while staying aligned with the broader uptrend that started from the weekly controlling demand zone.
The current pullback into the highlighted demand box offers a low‑risk continuation long, with stop below recent swing support and upside potential projected toward the upper grey target zone around 7,800–7,900. As long as price sustains above the retest level and inside the rising structure, the bias remains bullish; a decisive close back below the support band would invalidate this setup and call for re‑evaluation.
#EicherMotors #EICHERMOT #NSEStocks #IndianStockMarket #SwingTrading #FlagBreakout #BreakoutRetest #Uptrend #InvestmentZone #DemandZone #TechnicalAnalysis #PriceAction #StockMarketIndia
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.