Eicher Motors: A perfect entry would have been on 04.10.2018 at 20001. However, today is also it is in attractive position. But my favorite entry point would be when it crosses 22670 on closing basis. Target in intermediate term would be 25255.
Eicher motor is in declining mode. This stock has outperformed in last 3 years. However, the stock is available at very high cost. The following is the next possible correction phases:
Break below 20014:
Target 1: 18200
Target 2: 16385
Target 3: 15263
Wait for a good price to buy at a lower level.