Eicher Motor ,Head and shoulder pattern
Logic
1) H&S pattern formation
2) Major trend is sideways, (if we see for a long term trend )
3) Even after breakdown we have to wait for the supportzone, so taking a short call should be with confirmation.
4) 200 moving average is acting as support ,closing below it will intiate a fresh selling.
I am not recomending anything it is just an observations
1) H&S pattern formation
2) Major trend is sideways, (if we see for a long term trend )
3) Even after breakdown we have to wait for the supportzone, so taking a short call should be with confirmation.
4) 200 moving average is acting as support ,closing below it will intiate a fresh selling.
I am not recomending anything it is just an observations
Komen:
As expected ,taking support from the crucial support zone , read the 3rd poin i mentioned above
Komen:
2010 is the next major support for eicher if successfully break the support zone, as you can see it just shoot up more than 10 % from th support zone , keep eye on this support zone
