Overall Technical outlook

Price Summary

The stock of Eicher Motors Limited experienced a 2.65% rise, showcasing a impressive market performance.
Eicher Motors Limited's stock started trading at 6805.0 on 2026-02-02, climbed to 6997.0, fell to 6738.0, and closed 2.65% higher at 6985.5, with 490842 shares traded.
The stock's peak price over the last 52 weeks is 7582.5, with the lowest being 4703.35.
According to 35 analysts, the future price is anticipated to vary between 4700.0 and 8716.0, with an average expected price of around 7266.6855.

Technicals

Support and Resistance: The price for EICHERMOT at 6985.5 is supported by the 6874.5 level and faces resistance at 7002.5. This range indicates key levels where the price may find buyers near 6874.5 and sellers near 7002.5, defining a trading range.
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Support/Resistance for EICHERMOT


Aroon: The continuation of Aroon's bearish trend, with Aroon Down at the 100 level, indicates sustained bearish pressure. However, this trend should be analyzed further alongside other indicators to better understand its long-term implications.
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Aroon chart for Eicher Motors Limited


Bol. Bands: The latest move shows the price crossing above the lower Bollinger Band, following a period where it was below this level. This upward crossover may indicate that the market is beginning to recover from oversold conditions, with the potential for a shift away from the bearish trend. The movement above the band suggests that a reversal or stabilization could be on the horizon.
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Bolinger Bands chart for Eicher Motors Limited


Parabolic SAR: The PSAR continues its bearish trend, setting a resistance level that could prevent significant upward movement for EICHERMOT. This resistance suggests that the market may struggle to overcome bearish forces, keeping upward momentum in check.
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Parabolic Stop and Reverse chart for Eicher Motors Limited


Stochastic: The STOCHASTIC is in a neutral stance, not pointing to a clear trend in either direction. This suggests that the market may be lacking strong momentum, making it difficult to predict the next move.
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Stochastic chart for Eicher Motors Limited


Tripple Moving Agerage: The Tripple MOVING AVG is currently neutral, showing no clear bias toward a rising or falling trend. This lack of directional clarity suggests that the market may be in a holding pattern, awaiting further developments.
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Tripple SMA chart for Eicher Motors Limited


When assessing a company's technical performance, such as stock price fluctuations and trading volume, it is crucial to first examine its fundamentals. These fundamentals include financial health, profitability, and growth potential. Additionally, understanding the industry's dynamics, including competitive pressures and market trends, is key to contextualizing the company's performance. By integrating these factors, a more comprehensive and meaningful analysis can be conducted, leading to more informed investment decisions.