Buy Eicher. Preempting the breakout.

This is my Techno-Funda recommendation. This is a Eicher Moters weekly chart. You can see stock is consolidating on weekly basis. You can buy this stock as investor for medium to long term. As the stock has not given a breakout do not put all the money once. Rather add few on each dip. The stock has first target of 2800 followed by 3035. The stock will give a clear breakout above 2780 weekly basis. As per Fibonacci targets are 3492, 4228, 4964, 5419. Keep a SL 2640 and start buying slowly.

View - Medium to long term. 1 year plus.