mightyrajat
Long

Eicher Motors Investment view

BSE:EICHERMOT   EICHER MOTORS LTD
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Stock has corrected from its highs. Resting at the support level . Has been picked up thrice from here. RSI already oversold and in the past eichermot has not maintained the oversold zone for long time. Todays candle has formed a doji and looks like a possible pullback on cards.
Buy at 26500 for a positional target of 28200 Stoploss shall be maintained at 25500 on day closing basis.
Jan 28
Trade active: 27214 up 2.6% now. rally might have just started.
Apr 14
Trade active: 18% up and counting
Jul 02
Trade active: target achieved. continue to hold and trail SL to 29100

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27214 up 2.6% now. rally might have just started.
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