Eicher Motors: MA support and MACD recovery

Eicher Motors is trading near ₹7,178 on the 4-hour chart, positioned between the moving-average levels. The faster moving average is near ₹7,166, while the upper average band is around ₹7,282. Price holding above ₹7,166 keeps the short-term recovery attempt alive, but a move above ₹7,282 is needed to regain stronger momentum. EICHERMOT coloured MACD panel has shifted back to green. MACD is above the signal line, with a positive histogram, indicating that recent selling pressure has eased and buyers are attempting a recovery. The earlier red phase shows why confirmation is important: momentum has improved, but it is not yet a full trend reversal. ₹7,160–₹7,100 is the immediate support zone. If this area holds, Eicher can attempt ₹7,282 first and then ₹7,350–₹7,400. A decisive close above ₹7,282 with expanding green MACD bars would be the strongest confirmation. If price slips below ₹7,100, the recovery structure weakens and ₹7,010 becomes the next important support. For now, the chart is a cautious recovery setup: support is holding, MACD is improving, but the moving-average resistance must be reclaimed.