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Swapnil-Tigerplays

EICHERMOTORS Intraday Trade Based on NR7 and Volume

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EICHER MOTORS (NSE:EICHERMOT)  
Swapnil-Tigerplays  
NSE:EICHERMOT   EICHER MOTORS
Trend Analysis stockstrading NIFTY nr7
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trendanalysis stockstrading nifty nr7
Price broke previous day resistance with wide range candle and Volume. Wide range Buy candles were coming in with Volume. A/D reduced to 35:15 from 41:9 when I took this trade, but was still Bullish. If 21050 held, 21300+ could be hit. But, 21050 didn't hold and broke down with volume. The Price ranged for the rest of the day. Overall 2.5R profits booked. The stock was selected based on NR7 and Volume strategy.

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