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Trend:BULLISH

EICHER MOTOR :Cmp :20400

Buy : 20400

Target :21500

Hedging option : Short call of  20500 at 670

SL: 19500

MAX  PROFIT: 25*770= 19250

MAX LOSS: (25*300)=7500

 

  • 4 Point support Stock lingering around 20200 -20420 levels
  • Highest level of volume on support level.
  • RSI strong divergence on weekly chart .
  • Dragonfly doji on weekly chart.