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2021 Eicher Motors (EICHERMOT) technical analysis [forecast] stock price targets

Eicher Motors technical analysis & forecast stock price targets, Daily, Weekly, Monthly technical analysis

Eicher Motors deals in 2 Eicher Motors option chain analysis

Date Close Open High Low Volume
13 Tue Apr 2493.85 2427.20 2504.95 2420.20 7.21 lakhs
12 Mon Apr 2427.20 2490.00 2510.00 2395.15 10.5 lakhs
09 Fri Apr 2521.60 2550.00 2575.00 2515.00 7.19 lakhs
08 Thu Apr 2553.00 2558.50 2595.00 2548.00 7.61 lakhs
07 Wed Apr 2538.20 2500.00 2547.20 2490.00 6.84 lakhs
EICHERMOT chart

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 2518.4, but if it comes above 2518.4, then a intra day buy could be more profitable.
If you take a sell trade below 2518.4, then use 2518.4 as stoploss and 2428.3 as target. However if you take a buy trade in stock , then use 2518.4 as stoploss and 2593.52 as target.

  • Daily Price action analysis of EICHERMOT 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.

  • Daily Price action analysis of EICHERMOT 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.

  • Daily Price action analysis of EICHERMOT based on a 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.

Intraday technical analysis of Eicher Motors

Stock is trading at 2493.85 as on 13 Tue Apr 15:34

Day open is at 2427.20, day high is at 2504.95, day low is at 2420.20, and day volume is at 290.71 lakhs so far.

First 15 minute high low range is 2420.20 - 2455.85

First hour high low range is 2420.20 - 2467.65

Date Intraday Price Open High Low Volume
13 Tue Apr 15:34 2493.85 2427.20 2504.95 2420.20 720788
13 Tue Apr 15:30 2497.05 2427.20 2504.95 2420.20 720788
13 Tue Apr 15:25 2490.30 2427.20 2504.95 2420.20 711814
13 Tue Apr 15:20 2492.05 2427.20 2504.95 2420.20 695099
13 Tue Apr 15:15 2494.70 2427.20 2504.95 2420.20 675138
Intraday EICHERMOT chart

Trend of Eicher Motors is not defined as of yet. Wait for entry and exit levels given below.

Take a trade after 9:30am only.

Eicher Motors (EICHERMOT) intraday stock price targets

  • EntEntry: 2438.03 or 2480.9875
  • Upside target: 2455.85
  • Downside target : 2384.55
  • Second Upside target: 2541.78
  • Second Downside target : 2457.03

Eicher Motors (EICHERMOT) weekly technical analysis

Date Weekly Close Open Range Volume
13 Tue Apr 2493.85 2490.00 2395.15
2510.00
17.711 lakhs
09 Fri Apr 2521.60 2596.00 2478.05
2603.00
42.869 lakhs
01 Thu Apr 2631.15 2574.00 2561.35
2653.70
25.543 lakhs
26 Fri Mar 2560.55 2668.00 2548.00
2716.00
47.737 lakhs
19 Fri Mar 2661.50 2640.60 2585.35
2683.65
30.363 lakhs
weekly EICHERMOT chart

Weekly forecast of Eicher Motors is positive. Buyers dominated the stock this week, and this trend might continue for a few days

Weekly Price action analysis of Eicher Motors 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.

Weekly Price action analysis of Eicher Motors based on a short to mid term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

Eicher Motors (EICHERMOT) Monthly technical analysis

Date Monthly Close Open Range Volume
13 Tue Apr 2493.85 2610.80 2395.15
2649.00
68.025 lakhs
31 Wed Mar 2603.95 2523.00 2497.15
2716.00
209.062 lakhs
26 Fri Feb 2498.60 2777.00 2450.00
3018.00
331.567 lakhs
29 Fri Jan 2744.30 2531.00 2515.80
3037.00
387.659 lakhs
31 Thu Dec 2530.90 2559.95 2340.60
2609.00
298.76 lakhs
monthly EICHERMOT chart

Monthly forecast of Eicher Motors is negative. Sellers dominated the stock this month, and might continue to dominate in coming days too.

Monthly Price action analysis of Eicher Motors based on a short term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

Monthly Price action analysis of Eicher Motors 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.

Eicher Motors Daily stock price targets

  • Upside daily target: 2693
  • Upside daily target: 2561
  • Downside daily target: 2431.88

Eicher Motors Weekly stock price targets

  • Upside weekly target: 2899.63
  • Upside weekly target: 2731.25
  • Upside weekly target: 2596.25
  • Downside weekly target: 2470.28

Eicher Motors Monthly stock price targets

  • Upside monthly target: 23059.35
  • Upside monthly target: 20514.68
  • Upside monthly target: 19304.35
  • Upside monthly target: 12215.98
  • Upside monthly target: 7144.36
  • Upside monthly target: 3151.25
  • Upside monthly target: 2986.73
  • Upside monthly target: 2833.53
  • Upside monthly target: 2633.28
  • Upside monthly target: 2500.96
  • Downside monthly target: 2349.9
  • Downside monthly target: 2194.3
  • Downside monthly target: 1961.85

Eicher Motors (EICHERMOT) indicators technical analysis

Price action analysis of Eicher Motors (EICHERMOT) 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.

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

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

Eicher Motors 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 in or above the red cloud Prices appear to be moving up

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

RSI is generating a SELL signal in short term but selling 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 Motors is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 2538.39 and Eicher Motors EICHERMOT 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 Motors EICHERMOT stock. Volume based technical analysis of Eicher Motors EICHERMOT stock is negative.

Eicher Motors 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.

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chart EICHERMOT