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Eicher motors view for next week 25/04/22.

Long
EICHER MOTORS (NSE:EICHERMOT)  
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NSE:EICHERMOT   EICHER MOTORS
Moving Averages Support and Resistance Multiple Time Frame Analysis eichermotors niftyanalysis BANKNIFTY eichermotorltd eicherlong eichermotolong eichermotorslong eicheranalysis eichermotortips
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movingaverage supportandresistance mtfa eichermotors niftyanalysis banknifty eichermotorltd eicherlong eichermotolong eichermotorslong eicheranalysis eichermotortips
Eicher motors has taken resistance from a trend line.

On a 4 hour time frame, the 20 and 200 ema has converged and a bullish candle a weekly time frame shows some bullish trend.

Support:- 2570, 2455
Resistance:- 2720, 2760

Wait for the trend line break out and 4 hour moving averages cross over.

Swing and intraday trades can be initiated on this setup.

Wait for the price action near the levels for confirmation.

Idee correlate

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Eicher is trading in a range.
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