mightyrajat

Eicher Motors Investment view

Long
mightyrajat Updated   
BSE:EICHERMOT   EICHER MOTORS LTD.
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.
Trade active:
27214 up 2.6% now. rally might have just started.
Trade active:
18% up and counting
Trade active:
target achieved. continue to hold and trail SL to 29100
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