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Eicher Motors LimitedEicher Motors LimitedEicher Motors Limited

Eicher Motors Limited

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EICHERMOT trade ideas

Will this breakout happen ? Long Ride Time !Eichermotors : 1) Chart analysis : Stock is forming sort of a triangle pattern and it is very near breakout zone. Keep an constant eye on this stock as breakout is possible any moment if market supports the momentum. Only enter the stock after the breakout with good volumes. 2) Indicator analysis : As you all can see green moving line , its 50 Simple moving average. Stock just took support from its 50SMA , this is positive sign . 3) Fundamental analysis : ROCE = 17+ , ROE = 13+ , Current ratio = 3.5 + , Debt to equity 0. I gave my analysis on this stock when it was at 2481 price , CMP is around 2712 and again there is chance of breakout . Find below link to my previous analysis. Note :- *This analysis is for educational purpose , feel free to share your queries/ feedback.*
NSE:EICHERMOTLong
by deswingmaster
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