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(EicherMotor) Eicher Motor complete technical analysis [charts+indicators] | Buy/Sell Eicher Motor | (EicherMotor) share price targets

Complete technical analysis of Eicher Motor (EicherMotor) by charts plus indicators, forecast predictions and share price targets for Eicher Motor (EicherMotor)

Showing technical analysis as on 2023-03-16 View latest technical analysis

10 day averaged volume of Eicher Motor is 11606

Date	Daily Closing Price	Open	High	Low	Volume
16 Thu Mar 2023	3035.40	3009.00	3080.00	2995.85	5.284 times
15 Wed Mar 2023	3008.50	3066.05	3066.05	3000.75	0.258 times
14 Tue Mar 2023	3010.75	3049.95	3049.95	2985.65	1.26 times
13 Mon Mar 2023	3034.60	3121.00	3122.95	3026.60	0.566 times
10 Fri Mar 2023	3115.45	3126.40	3146.35	3095.15	3.436 times
09 Thu Mar 2023	3147.45	3204.10	3217.75	3142.60	0.529 times
08 Wed Mar 2023	3204.05	3160.00	3210.00	3151.00	0.972 times
06 Mon Mar 2023	3166.60	3140.00	3169.10	3131.20	0.791 times
03 Fri Mar 2023	3129.35	3131.35	3148.95	3115.00	0.435 times
02 Thu Mar 2023	3123.05	3159.95	3159.95	3098.00	1.118 times

Stock of Eicher Motor (EicherMotor) has showed a significant upmove. This could be a good time to enter in this stock!

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 3068, but if it comes above 3068, then a intra day buy could be more profitable.
If you take a sell trade below 3068, then use 3068 as stoploss and 2958.4 as target. However if you take a buy trade in stock , then use 3068 as stoploss and 3159.24 as target.

Share price targets for Eicher Motor (EicherMotor)

Target Type	Value
Downside Target	2985.65
Upside Target	3060.00
Upside Target	3217.75
Upside Target	3221.85
Upside Target	3276.00
Upside Target	3335.45
Upside Target	3343.00
Upside Target	3347.05
Upside Target	3352.90
Upside Target	3498.00
Upside Target	3886.00

Intraday share price targets for Eicher Motor (EicherMotor)

Target Type	Value
Downside Intraday Target	2973.05
Downside Intraday Target	2910.7
Upside Intraday Target	3110.35
Upside Intraday Target	3185.3
Upside Intraday Target	3048

Weekly technical analysis of Eicher Motor (EicherMotor)

Date	Weekly Closing Price	Open	High	Low	Volume
16 Thu Mar 2023	3035.40	3121.00	3122.95	2985.65	1.286 times
10 Fri Mar 2023	3115.45	3140.00	3217.75	3095.15	1.401 times
03 Fri Mar 2023	3129.35	3221.85	3221.85	3085.05	0.705 times
24 Fri Feb 2023	3203.85	3285.75	3335.45	3164.45	0.63 times
17 Fri Feb 2023	3285.70	3205.05	3343.00	3146.25	2.159 times

Price has moved down this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.

Monthly technical analysis of Eicher Motor (EicherMotor)

Date	Monthly Closing Price	Open	High	Low	Volume
16 Thu Mar 2023	3035.40	3085.05	3217.75	2985.65	0.546 times
28 Tue Feb 2023	3104.60	3220.05	3352.90	3095.00	1.405 times
31 Tue Jan 2023	3266.20	3215.20	3276.00	3060.00	0.795 times
30 Fri Dec 2022	3229.10	3485.00	3498.00	3091.55	0.693 times

Scroll below to view daily charts

Price has moved down this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.

Indicators analysis of Eicher Motor (EicherMotor)

Price action analysis of Eicher Motor ( (EicherMotor) ) based on a short term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Eicher Motor ( (EicherMotor) ) based on a short to mid term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Eicher Motor ( (EicherMotor) ) based on a mid to longer term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

ADX buy sell signal for Eicher Motor stock for short term is SELL. Signal strength is Strong and stock is losing momentum.

MACD generated a SELL signal for Eicher Motor in short term and the sell signal is strong.

Eicher Motor Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be moving up

CCI has generated a buy signal for Eicher Motor in short term but BUY signal is weak.

RSI is generating a BUY signal in short term but buying is losing momentum.

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling might be slowing down

Stock of Eicher Motor is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 3083.35 and Eicher Motor (EicherMotor) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

People seem to be coming out and selling the Eicher Motor (EicherMotor) stock. Volume based technical analysis of Eicher Motor (EicherMotor) stock is negative.

Eicher Motor Stock has given negative returns over a short term period. Returns for a longer term period have been negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.