Eicher Motors – Technical Analysis, Support and Resistance

The stock EICHERMOT is showing a short-term recovery after a sharp correction from its August high near ₹8100. The stock recently found support around ₹6800–6900 and has bounced back to ₹7295.50. However the broader trend remains weak as the stock is still trading below its previous swing highs. The recovery needs further confirmation. Support & Resistance: Immediate support lies around ₹7150–7100 followed by ₹7000 and ₹6800. On the upside ₹7350–7400 is the first resistance zone followed by ₹7500–7600. A sustained breakout above ₹7400 could improve the short-term trend. Short-Term Buyers & Holders View: Short-term buyers can wait for a sustained move above ₹7400 with strong volume before considering fresh entry. The recent recovery is encouraging but resistance remains nearby. Holders should monitor the ₹7100–7000 support zone and watch for the formation of higher highs and higher lows.