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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 2024-06-05 View latest technical analysis

10 day averaged volume of Eicher Motors is 676790

Date	Daily Closing Price	Open	High	Low	Volume
05 Wed Jun 2024	4579.00	4539.10	4647.45	4495.00	0.692 times
04 Tue Jun 2024	4495.40	4679.90	4706.85	4253.85	1.361 times
03 Mon Jun 2024	4670.85	4800.00	4800.00	4640.00	1.582 times
31 Fri May 2024	4733.45	4742.20	4790.00	4668.25	1.68 times
30 Thu May 2024	4742.95	4709.75	4770.00	4704.70	0.637 times
29 Wed May 2024	4745.40	4746.00	4808.85	4724.25	0.811 times
28 Tue May 2024	4770.95	4793.30	4825.50	4760.00	0.493 times
27 Mon May 2024	4793.30	4861.05	4907.00	4770.00	0.969 times
24 Fri May 2024	4880.95	4822.50	4908.00	4807.40	0.806 times
23 Thu May 2024	4852.85	4696.65	4867.85	4682.55	1.364 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 4609, but if it comes above 4609, then a intra day buy could be more profitable.
If you take a sell trade below 4609, then use 4609 as stoploss and 4502.3 as target. However if you take a buy trade in stock , then use 4609 as stoploss and 4697.84 as target.

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
Downside 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	4288.57
Downside Intraday Target	3998.13
Upside Intraday Target	4834.72
Upside Intraday Target	5090.43
Downside Intraday Target	4544.28

Weekly technical analysis of Eicher Motors (EICHERMOT)

Date	Weekly Closing Price	Open	High	Low	Volume
05 Wed Jun 2024	4579.00	4800.00	4800.00	4253.85	0.792 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
05 Wed Jun 2024	4579.00	4800.00	4800.00	4253.85	0.165 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 sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

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 losing momentum.

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

Eicher Motors Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be moving up

CCI has generated a buy signal for Eicher Motors in short term but BUY signal is weak.

RSI is generating a BUY signal in short term and the buying is gaining momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying might be slowing down

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

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 4718.46 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.