EICHER MOTORS – Educational Technical Breakdown

EICHER MOTORS – Educational Technical Breakdown (SEBI Reg. INH000019886 | Learning Purpose Only) Eicher is trending inside a rising channel, holding strength above both 20EMA and the mid-Bollinger band — a sign of controlled upside momentum. 🔍 Chart Highlights: • Price bounced cleanly from channel support near ₹6,750 • Strong green candle + above-average volume → buyers active • Stochastics turning up from mid-zone (no overbought stress yet) • MACD flattening and attempting a positive crossover • Structure remains bullish as long as ₹7,000 holds 🎯 Educational Levels: • Support: ₹7,000 / ₹6,950 (EMA + channel support) • Resistance Zone: ₹7,300–₹7,375 (upper Bollinger + channel top) • Targets (Edu): – T1: ₹7,300 – T2: ₹7,375+ (channel breakout can extend further) 📈 View: Price is respecting the rising structure perfectly. Sustained closing above ₹7,100 keeps the bullish trend intact. A strong breakout above ₹7,375 can open fresh momentum. ⚠️ Educational analysis only. Not a trade call. — AALGO BREATHS