EICHER MOTORS LTD. — Technical Stock Report

📊 EICHER MOTORS LTD. — Technical Stock Report

Eicher Motors is showing a bearish trend on the daily chart after facing resistance near ₹8,050–₹8,200. The stock has declined sharply and is currently trading around ₹7,005, indicating selling pressure. A minor rebound is visible, but the overall structure remains weak.

Technical View: Immediate support is near ₹6,887, followed by ₹6,654 and ₹6,421. Resistance lies around ₹7,120–₹7,273. The stock needs to reclaim these levels to improve its short-term structure.

Key Levels:

Support: ₹6,887 / ₹6,654 / ₹6,421

Resistance: ₹7,120 / ₹7,273 / ₹7,353

Higher Resistance: ₹7,586–₹7,819

Bearish Scenario: A breakdown below ₹6,887 may lead to further weakness towards ₹6,654 and ₹6,421.

Bullish Scenario: Sustaining above ₹7,273 may support a recovery towards ₹7,353 and ₹7,586.

Trading View: Cautious to bearish until the stock shows a sustained recovery above key resistance levels.

For educational purposes only. Not a buy/sell recommendation.

— AALGO BREATHS 📊