When we analysis the Eicher motors , I observe 2 Double bottom, ie 1 longer double bottom (6months) with good volume at Point B and 1 shorter duration triple double bottom and good volume at point B.We need to watch this stock for next month and order can be placed.
I am new to analysis and some expect can comment on it and confirm the trade can be executed or not?.
Long Position Double bottom:
Buy Above : 32850 with good volume
Target : 38200
Stop loss : 26485
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Shorter term triple Bottom formed
Buy Above : 30885
Target : 32540
Stop Loss : 29273
, , EICHERMOT
