EICHER MOTORS(Daily) : Curbed by resistance..!

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EICHER MOTORS (NSE:EICHERMOT)

NSE:EICHERMOT EICHER MOTORS

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EICHER MOTORS (Daily) posted a strong rally into strong Fibonacci cluster resistance around 19200 has curtailed the upmove. The immediate downward reaction and inability to move higher is attracting some selling interest once again. Momentum is showing signs of weakness adding to the developing bearish bias. Any move below 17600 could be an invitation for more downside in the coming week.
Idea Sourced From
NeoTrader
https://trade.chartadvise.com/

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