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Rakesh Madhav CFA

16th Feb · SEBI-Registered Analyst

Eicher Motors

EICHERMOT
has resumed its primary uptrend after breaking above consolidation. The stock is trading near lifetime high territory, supported by improving Royal Enfield volumes and premiumisation trend in motorcycles. Trading above 20/50 EMA; strong bullish candle confirms breakout Higher high–higher low structure intact Breakout zone ₹7,700–7,800 now acts as demand area Healthy balance sheet with strong cash position Momentum remains positive as long as it holds above breakout support.

#EquityResearch#FundamentalViews#TechnicalViews
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