Eicher Motors is looking constructive on the chart, with the stock holding above key support and showing signs of a bounce from its recent consolidation zone. The technical setup is improving because momentum indicators are stabilizing and the broader trend remains supported by moving averages on higher timeframes. For buy-side traders, a sustained move above near-term resistance can confirm continuation and open room for further upside, so the better approach is to buy on confirmation or controlled dips.
Warning-
Disclaimer– Registration granted by SEBI, membership of a SEBI recognized supervisory body (BSE) and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.
Disclosure– Investments in securities market are subject to market risks, read all the related documents carefully before investing.