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