Stock Analysis of Eicher Motors ltd:
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:
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:
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.
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