EICHER MOTORS LTDViés de alta
Eichermotors Bullish
Atualizado
On the Monthly time frame this stock was in range of 3108 to 1215.70 from 01Aug 2017 to 01Aug2020
and given a break out on 01Aug2022 and range breakout retest confirmed on 03Juy2023 . consolidate for 3 months and rally started, as per range breakout targets are derived as Range High - Range Low i.e., 3108-1215.7 = 1892, by adding these points to Breakout of Range high that is 3108+1892 = 5000 as Target. This is one of the caluculation made for a Range Breakout deriving Target.
Accordingly we use Trend lines and channels to ride the trend on lower timeframe in other words we do call it as Top Down Analysis...
This is for Educational purpose only. i may be wrong too, i just shared this on my personal experience and knowledge. JUST A VIEW NOT A RECO...
and given a break out on 01Aug2022 and range breakout retest confirmed on 03Juy2023 . consolidate for 3 months and rally started, as per range breakout targets are derived as Range High - Range Low i.e., 3108-1215.7 = 1892, by adding these points to Breakout of Range high that is 3108+1892 = 5000 as Target. This is one of the caluculation made for a Range Breakout deriving Target.
Accordingly we use Trend lines and channels to ride the trend on lower timeframe in other words we do call it as Top Down Analysis...
This is for Educational purpose only. i may be wrong too, i just shared this on my personal experience and knowledge. JUST A VIEW NOT A RECO...
Nota
as calculated 5000 + rocking...
Aviso legal
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