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Eicher Motors Double Bottom

EICHER MOTORS (NSE:EICHERMOT)  
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NSE:EICHERMOT   EICHER MOTORS
Trend Analysis Chart Patterns Technical Indicators doublebottomreversal eichermotors LONG optionchain volumeanalysis Trend Line Break 200emabreakout
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trendanalysis chartpattern indicator doublebottomreversal eichermotors long optionchain volumeanalysis trendlinebreak 200emabreakout
Eicher motors has fallen from its high by about 20% and we may be looking at a double bottom reversal as it rests on the 200EMA.

According to option chain data, 3100 is a strong support.
According to Multi strike OI, calls graph is falling which shows a bullish Singal and puts graph is rising which shows an even more bullish signal.

Targets of T1 and T2 with stop loss below 3050,
safer traders can wait for the break of the trendline but it may mess up the entry price

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