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(EICHERMOT) Eicher Motors complete technical analysis [charts+indicators] | Buy/Sell Eicher Motors | (EICHERMOT) share price targets

Complete technical analysis of Eicher Motors (EICHERMOT) by charts plus indicators, forecast predictions and share price targets for Eicher Motors (EICHERMOT)

Eicher Motors trades in NSE in 2 sector.

Showing technical analysis as on 2024-06-04 View latest technical analysis

10 day averaged volume of Eicher Motors is 634771

Date	Daily Closing Price	Open	High	Low	Volume
04 Tue Jun 2024	4495.40	4679.90	4706.85	4253.85	1.451 times
03 Mon Jun 2024	4670.85	4800.00	4800.00	4640.00	1.687 times
31 Fri May 2024	4733.45	4742.20	4790.00	4668.25	1.791 times
30 Thu May 2024	4742.95	4709.75	4770.00	4704.70	0.68 times
29 Wed May 2024	4745.40	4746.00	4808.85	4724.25	0.865 times
28 Tue May 2024	4770.95	4793.30	4825.50	4760.00	0.525 times
27 Mon May 2024	4793.30	4861.05	4907.00	4770.00	1.033 times
24 Fri May 2024	4880.95	4822.50	4908.00	4807.40	0.86 times
23 Thu May 2024	4852.85	4696.65	4867.85	4682.55	1.454 times
22 Wed May 2024	4695.45	4673.00	4707.65	4665.50	0.317 times

Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 4506.2, for a target of 4611.3 or 4698.9

Share price targets for Eicher Motors (EICHERMOT)

Target Type	Value
Downside Target	3672.00
Downside Target	3886.10
Downside Target	4018.95
Downside Target	4253.85
Upside Target	4528.30
Upside Target	4650.00
Upside Target	4708.00
Upside Target	4742.95
Upside Target	4800.00
Upside Target	4907.00
Upside Target	4908.00

Intraday share price targets for Eicher Motors (EICHERMOT)

Target Type	Value
Downside Intraday Target	4232.83
Downside Intraday Target	3970.27
Upside Intraday Target	4778.98
Upside Intraday Target	5062.57
Upside Intraday Target	4516.42

Weekly technical analysis of Eicher Motors (EICHERMOT)

Date	Weekly Closing Price	Open	High	Low	Volume
04 Tue Jun 2024	4495.40	4800.00	4800.00	4253.85	0.641 times
31 Fri May 2024	4733.45	4861.05	4907.00	4668.25	1.431 times
24 Fri May 2024	4880.95	4650.00	4908.00	4650.00	0.448 times
18 Sat May 2024	4684.40	4679.00	4742.95	4528.30	1.475 times
10 Fri May 2024	4657.85	4613.00	4708.00	4541.50	1.264 times

Price has moved down this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.

Monthly technical analysis of Eicher Motors (EICHERMOT)

Date	Monthly Closing Price	Open	High	Low	Volume
04 Tue Jun 2024	4495.40	4800.00	4800.00	4253.85	0.134 times
31 Fri May 2024	4733.45	4598.00	4908.00	4528.30	0.839 times
30 Tue Apr 2024	4597.40	4060.80	4689.95	3886.10	1.257 times
28 Thu Mar 2024	4019.30	3790.20	4075.00	3672.00	1.015 times

Scroll below to view daily charts

Price has moved down this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.

Indicators analysis of Eicher Motors (EICHERMOT)

Price action analysis of Eicher Motors ( (EICHERMOT) ) based on a short term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Eicher Motors ( (EICHERMOT) ) based on a short to mid term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

Price action analysis of Eicher Motors ( (EICHERMOT) ) based on a mid to longer term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

ADX buy sell signal for Eicher Motors stock for short term is SELL. Signal strength is Strong and stock is gaining momentum.

MACD generated a SELL signal for Eicher Motors in short term but the sell signal is initial and weak.

Eicher Motors Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

Ichimoku cloud is of green color and prices are in or below the green cloud Prices appear to be coming down

CCI has generated a SELL signal for Eicher Motors in short term and SELL signal is strong!

RSI is generating a BUY signal in short term but buying is losing momentum.

MRSI is in positive zone. This is a BUY zone

Stock of Eicher Motors is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 4727.42 and Eicher Motors (EICHERMOT) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

People seem to be coming out and selling the Eicher Motors (EICHERMOT) stock. Volume based technical analysis of Eicher Motors (EICHERMOT) stock is negative.

Eicher Motors Stock has given negative returns over a short term period. Returns for a longer term period have been positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.