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Technicals for Eicher Motors Limited
By MusingTheNews
2025-04-25 20:32
Overall Technical outlook
Price Summary
Eicher Motors Limited's stock started the year at 5662.5, climbed to a high of 5668.0, fell to 5517.5, and closed -1.54% down at 5575.5, with 457490 shares traded on 2025-04-25. The highest price the stock achieved in the past 52 weeks is 5810.5, while the lowest price it saw is 4495.4. Analysts predict that the future price will fluctuate between 3855.0 and 6700.0, with the mean expected price being approximately 5436.243.
Technicals
Support and Resistance: The price is currently at 5575.5, supported by 5485.25 and resisted by 5784.0. This indicates a range where 5485.25 may provide a base for the price, while 5784.0 serves as a cap on further upward movement for EICHERMOT. Support/Resistance for EICHERMOT
Aroon: The AROON is showing a neutral reading, with no clear direction indicated for upward or downward movement. This neutral position suggests a possible period of consolidation. Aroon chart for Eicher Motors Limited
Bol. Bands: The current reading of the BOLL BANDS indicator suggests a neutral stance, with no clear signals indicating an upward or downward direction. This lack of directional bias suggests the market may be in a period of consolidation or uncertainty. Bolinger Bands chart for Eicher Motors Limited
Parabolic SAR: The PSAR remains bullish, establishing a key support level that could help uphold the market's upward trajectory. This persistent bullish outlook suggests that the market may continue to rise, with the support providing a foundation for further gains. Parabolic Stop and Reverse chart for Eicher Motors Limited
Stochastic: The STOCHASTIC is showing a neutral reading, with no clear direction indicated for upward or downward movement. This neutral position suggests a possible period of consolidation. Stochastic chart for Eicher Motors Limited
Tripple Moving Agerage: The 20, 50, and 100 moving averages are currently aligned bearishly, signaling a downtrend. However, the slopes of the 20 and 50 SMAs are beginning to waver, indicating that this bearish momentum might be fading. This could suggest an upcoming shift towards bullish price action, as the market's current downward trend may be approaching a reversal, potentially leading to a new upward move. Tripple SMA chart for Eicher Motors Limited
Before focusing on a company's technical data, such as stock price movements, it's essential to analyze its fundamentals. These include factors like profitability, cash flow, and debt management. Additionally, considering the broader industry landscape—including market trends, competition, and regulatory changes—offers deeper insights. This comprehensive approach allows for a more meaningful interpretation of the company's technical indicators, providing a clearer picture of its financial health and future prospects.
DISCLAIMER: We provide information and our musings based on events, but nothing on this site can be considered professional advice of any kind.
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