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Eicher Motors – Head n shoulders with Double Bottom

Here first the left shoulder forms for a sufficiently long 1 month, and head takes more time to settle down than the right shoulder. Overall a 3 month period is covered in trend. Interestingly a double bottom appears right after the head and shoulder, from where the following trade plan can be followed: Stop loss = 15267;Entry Price = 18296.2;Target = 21325.4. The target is achieved in July, 2016

 

 

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