5 Steps Analysis of EICHER MOTORS
1. Auto Sector showing strength on last week and majority of stocks has given strong upside closing.
2.On daily time frame we can see the stock has followed the trend line and traded below trendline from Dec. 2022.
3. On Thursday stock has given closing above trendline with high volume and from last 3 days stock has showing strength which indicate trend going upside move in coming days.
4. Stock showing strong Mometum on daily, weekly, & monthly basis with high volume and volatility.
5. If the stock has sustain current level and give closing above 3220 level on Monday then next upside move we can see at 3250 to 3300 levels.
1. Auto Sector showing strength on last week and majority of stocks has given strong upside closing.
2.On daily time frame we can see the stock has followed the trend line and traded below trendline from Dec. 2022.
3. On Thursday stock has given closing above trendline with high volume and from last 3 days stock has showing strength which indicate trend going upside move in coming days.
4. Stock showing strong Mometum on daily, weekly, & monthly basis with high volume and volatility.
5. If the stock has sustain current level and give closing above 3220 level on Monday then next upside move we can see at 3250 to 3300 levels.