EICHERMOT | Swing Trade📊 DETAILS
Sector: Automobile - LCVS/ HVCS
Mkt Cap: 94,717 cr
Eicher Motors Limited, incorporated in 1982, is the listed company of the Eicher Group in India and a leading player in the Indian automobile industry and the global leader in middleweight motorcycles.
Eicher has a joint venture with Sweden’s AB Volvo to create Volvo Eicher Commercial Vehicles Limited (VECV). VECV is engaged in truck and bus operations, auto components business, and technical consulting services business
TTM PE : 29.39 (Low PE)
Sector PE : 52.85
Beta : 0.83
📚 INSIGHTS
Strong Performer
Stock with consistent financial performance, quality management, and strong technical momentum indicating good investor enthusiasm. Currently valued at Good to expensive valuation
10.84% away from 52 week high
Outperformer - Eicher Motors up by 2.67% v/s NIFTY 50 down by -1.36% in last 1 month
📈 FINANCIALS
Piotroski Score of 5/9 indicates Average Financials
Disclaimer: This analysis Is For educational purposes only, And I'm not a SEBI registered analyst.
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EICHERMOT trade ideas
$NSE:EICHERMOT Is Eicher Motors going to Bullish today ?NSE:EICHERMOT Is Eicher Motors going to Bullish today ?
Ignore if huge gap down or gap up.
Follow strict stop loss.
Do your own research before investing or trading in any stock or indices.
Disclaimer:
This is not a financial, investment or trade advice. Its only for educational purpose.
Buy Eicher Motors @ 3050-3090As we can clearly see here EICHER MOTORS is consistently performing with its channel and with its help we can see that is current support is around 3323 , which it already touched . now it will rise a lot
Target -3790
Stoploss - 3300
Note - This analysis is only for educational purposes , Trade at your own risk .....
EICHER MOTORS VIEWEicher Motors probability move for april and may 2023
PROBABILITY.
1) On daily basis eicher motors given break out, so this break out is near its resistance level 3213,
and on 45 min it is showing long wicks means bigh players are doing there profit booking.
2) so in coming few days it may retest it break out level again if retest and rebounds then definitely will move upside Till 3540.
3) and if it not sustains its break out level and moves down then definietly it will will 2815.
so wait and watch and take proper decisions.
(Note- this observation is for study purpose only)
EICHARMOTORStocks trading near 4day Low with rising volumes and closing strong, indicating a possible breakout
I am not SEBI register Advisor and I am not any trade and tips recommend here, This Idea post on this Channel Only for educational knowledge & learning purpose, I am not provide any trading tips, Before any Trade Advice your Financial Advisor, I am not responsible any profit and loss
EICHERMOT appears to be displaying a robust bullish trend.EICHERMOT successfully broke free from a major downtrend, signaling a pivotal change in market sentiment. Subsequently, it proceeded to establish an encouraging uptrend pattern in the minor trend. Today, with a decisive breakout following a brief pullback, the stock has sent an unmistakably bullish signal that is difficult to ignore.