📊 Eicher Motors Ltd (NSE) – Technical Analysis (Daily Chart)
Eicher Motors is trading at ₹5,764, forming a triangle consolidation pattern inside a larger ascending channel. The price is now testing the upper boundary of this triangle, signaling a possible breakout.
🔑 Key Insights
🔺 Triangle Pattern: Price is squeezing within a contracting triangle. A breakout above resistance could trigger a strong move.
✅ Support Zone: ₹5,565 remains the critical support inside the pattern.
✅ Resistance Zone: ₹5,789 is the breakout level to watch.
✅ Upside Targets (on breakout):
🎯 First Target: ₹6,251
🎯 Second Target: ₹6,806
⚠️ Downside Risk: If the price fails to break out and slips below ₹5,565, it may retest ₹5,400 – ₹5,200 levels.
📌 Conclusion
Bullish Case: A confirmed breakout above the triangle resistance at ₹5,789 could extend the rally toward ₹6,251 and ₹6,806.
Bearish Case: A breakdown below ₹5,565 would invalidate the bullish setup and invite further downside.
#EicherMotors #Breakout #TechnicalAnalysis #StockMarketIndia #PriceAction #NSE
Eicher Motors is trading at ₹5,764, forming a triangle consolidation pattern inside a larger ascending channel. The price is now testing the upper boundary of this triangle, signaling a possible breakout.
🔑 Key Insights
🔺 Triangle Pattern: Price is squeezing within a contracting triangle. A breakout above resistance could trigger a strong move.
✅ Support Zone: ₹5,565 remains the critical support inside the pattern.
✅ Resistance Zone: ₹5,789 is the breakout level to watch.
✅ Upside Targets (on breakout):
🎯 First Target: ₹6,251
🎯 Second Target: ₹6,806
⚠️ Downside Risk: If the price fails to break out and slips below ₹5,565, it may retest ₹5,400 – ₹5,200 levels.
📌 Conclusion
Bullish Case: A confirmed breakout above the triangle resistance at ₹5,789 could extend the rally toward ₹6,251 and ₹6,806.
Bearish Case: A breakdown below ₹5,565 would invalidate the bullish setup and invite further downside.
#EicherMotors #Breakout #TechnicalAnalysis #StockMarketIndia #PriceAction #NSE
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免责声明
这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。