Stock Analysis of Eicher Motors ltd | Personal Technical Analyst, Researcher, Stock market Analyst
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Stock Analysis of Eicher Motors ltd

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Stock Analysis of Eicher Motors ltd:

Stock analysis of eicher motors
Stock analysis of Eicher motors

TECHNICAL ANALYSIS:

In Monthly chart Technical analysis of Eicher, motors looks that, the major trend is bullish, the price ranging at the support level of EMA 50, 100, we also found a recent bullish engulfing pattern, which is the sign of bullish momentum, the short-term recent breakout will be bearish.

In daily chart Technical analysis of Eicher, motors:

EICHER_MOTORS_DAILY CHART
EICHER_MOTORS_DAILY CHART

Technical looks that the price having buying pressure, in the daily chart it also found that price break its recent resistance zone which will be at 24148, now next resistance will be at 26470 EMA 50, break and 100, 200 acting as a major resistance zone at the same level of 24148.

FUNDAMENTAL ANALYSIS OF EICHER MOTORS:

RETURN OF EICHER MOTORS RETURN OF EICHER MOTORS

If take a look on return calculation 1 Year return will be (-VE) which found a long-term correction, and in recent 1-month return, will (+VE) which looks show bullish momentum.

EICHER_MOTORS_SHAREHOLDING
EICHER_MOTORS_SHAREHOLDING
EICHER_MOTORS_QUARTERRESULTS
EICHER_MOTORS_QUARTERRESULTS
EICHER_MOTORS_ANNOUNCEMENTS
EICHER_MOTORS_ANNOUNCEMENTS

If we take a look at shareholding, it will be found that FII and Mutual funds had a good percentage of holding,

Recent quarter results are negative,

PE will be looking overbought if we compare with the peer.

SUMMARY OF EICHER MOTORS LTD:

Technically for short term, it looks bullish having good bullish momentum, for the long term it having strong resistance at the level of 26470, fundamentals are not good for long-term, buy for short-term use the strict stop loss of  24000 

ANALYSIS ASK BY: Nikhil Indoria


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