Eicher Motors Indian stocks Elliott Wave technical analysis [Video]
Eicher Motors (one day chart) Elliott Wave technical analysis
Function: Larger Degree Trend Higher (Intermediate Degree, Orange).
Mode: Motive.
Structure: Impulse.
Position: Minute Wave ((v)) Navy.
Details: The wave counts have been adjusted as price action breaks through 5300 zone. The stock might be unfolding Minute Wave ((v)) of Minor Wave 5 within Intermediate Wave (5) Orange.
Invalidation point: 4700.
Eicher Motors daily chart technical analysis and potential Elliott Wave counts:
EICHER MOTORS daily chart is indicating a progressive trend higher, which is within its final wave, to terminate above the 5400 mark. Alternatively, if the stock slides below 4800 and 4700 levels going forward, it would…
