Eicher Motors
Date 02.03.2025
Eicher
Timeframe : weekly
Technical Remarks
1 Currently under right-angled ascending broadening wedge
2 Neckline confluence with 60 weekly exponential moving average + 23.6% retracement
3 Trade shorts only once breakdown mentioned above zone (point #2)
4 Target for wave 4 would be 38.2%, 3947
5 Remember as trade confirmation rsi should remain below mean reversion then momentum will be high
Some Fundamental Highlights :
1 Company is almost debt free.
2 Company has been maintaining a healthy dividend payout of 34.6%
3 Current earnings were including an other income of Rs.1,813 Cr
4 Good promoter holding with 49% followed by FIIs 25% & DII 16%
5 Healthy ROCE of 30%, PE at 29 & healthy OPM at around 26%
Latest FEB Month Sales
FEB CV TOTAL SALES 8,092 UNITS VS 7,424 UNITS (YOY)
Regards,
Ankur
Eicher
Timeframe : weekly
Technical Remarks
1 Currently under right-angled ascending broadening wedge
2 Neckline confluence with 60 weekly exponential moving average + 23.6% retracement
3 Trade shorts only once breakdown mentioned above zone (point #2)
4 Target for wave 4 would be 38.2%, 3947
5 Remember as trade confirmation rsi should remain below mean reversion then momentum will be high
Some Fundamental Highlights :
1 Company is almost debt free.
2 Company has been maintaining a healthy dividend payout of 34.6%
3 Current earnings were including an other income of Rs.1,813 Cr
4 Good promoter holding with 49% followed by FIIs 25% & DII 16%
5 Healthy ROCE of 30%, PE at 29 & healthy OPM at around 26%
Latest FEB Month Sales
FEB CV TOTAL SALES 8,092 UNITS VS 7,424 UNITS (YOY)
Regards,
Ankur
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.