Eicher Motors – Technical View, Support and Resistance

The stock

is in a broader bullish trend with the stock moving from around ₹6800 to above ₹8000. However the recent rejection from the ₹8100–8200 zone has brought some short-term weakness. The current price near ₹7687 is in a corrective phase. Support: Immediate support is around ₹7550–7600 followed by ₹7350–7400. The ₹7550 zone is important because buyers may attempt to defend the recent correction there. A decisive break below ₹7350 could weaken the structure further. Resistance: Immediate resistance is around ₹7800–7850 while the major resistance zone is ₹8050–8200. A strong daily close above ₹8200 with good volume could signal continuation of the larger uptrend toward higher levels. Short-Term Buyers/Holders: Existing holders can hold with caution while ₹7550–7600 remains protected. Fresh buyers should preferably wait for either a strong reversal from support or a confirmed breakout above ₹7850. Avoid chasing the stock during a sharp recovery candle. Below ₹7350 the short-term bullish view becomes weak.