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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 2023-03-23 View latest technical analysis

10 day averaged volume of Eicher Motor is 16537

Date	Daily Closing Price	Open	High	Low	Volume
23 Thu Mar 2023	2924.25	2940.05	2950.00	2913.70	0.475 times
22 Wed Mar 2023	2946.65	2940.05	2967.70	2934.20	0.409 times
21 Tue Mar 2023	2934.35	2953.00	2974.00	2929.35	0.471 times
20 Mon Mar 2023	2952.35	2979.95	2980.05	2910.00	0.598 times
17 Fri Mar 2023	2974.50	3040.00	3052.00	2944.25	0.568 times
16 Thu Mar 2023	3035.40	3009.00	3080.00	2995.85	3.708 times
15 Wed Mar 2023	3008.50	3066.05	3066.05	3000.75	0.181 times
14 Tue Mar 2023	3010.75	3049.95	3049.95	2985.65	0.885 times
13 Mon Mar 2023	3034.60	3121.00	3122.95	3026.60	0.398 times
10 Fri Mar 2023	3115.45	3126.40	3146.35	3095.15	2.412 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 2979.9, but if it comes above 2979.9, then a intra day buy could be more profitable.
If you take a sell trade below 2979.9, then use 2979.9 as stoploss and 2864 as target. However if you take a buy trade in stock , then use 2979.9 as stoploss and 3076.49 as target.

Share price targets for Eicher Motor (EicherMotor)

Target Type	Value
Downside Target	2910.00
Upside Target	3060.00
Upside Target	3217.75
Upside Target	3221.85
Upside Target	3276.00
Upside Target	3335.45
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	2896.15
Downside Intraday Target	2868.05
Upside Intraday Target	2966.2
Upside Intraday Target	3008.15
Upside Intraday Target	2938.1

Weekly technical analysis of Eicher Motor (EicherMotor)

Date	Weekly Closing Price	Open	High	Low	Volume
23 Thu Mar 2023	2924.25	2979.95	2980.05	2910.00	0.34 times
17 Fri Mar 2023	2974.50	3121.00	3122.95	2944.25	1.428 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

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
23 Thu Mar 2023	2924.25	3085.05	3217.75	2910.00	0.674 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 gaining 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 getting stronger in this stock.

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be coming down

CCI has generated a SELL signal for Eicher Motor in short term and SELL signal is strong!

RSI is generating a BUY signal in short term and the buying is gaining momentum.

MRSI is in positive zone. This is a BUY zone

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

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 3029.97 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.