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
Aviso legal
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Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.