EICHERMOT - IntraDay Trade Analysis

Last Updated Time : 02 Aug 25, 12:58 am

🏍️ Intraday Trade Analysis for EICHERMOT

⭐ IntraDay Trade Rating

3.3

EICHERMOT is fundamentally strong — near-zero debt, robust ROCE and ROE, and healthy earnings growth. However, its current intraday technicals suggest weakness in short-term momentum, making it more of a wait-and-watch candidate unless volume improves significantly.

📉 Technical Summary

RSI: 44.8 → Mildly bearish territory. Below 50 indicates weak momentum.

MACD: -27.3 → Strong bearish divergence. No sign of crossover yet.

Volume: 2.18L vs Avg 2.99L → Lower-than-average; suggests lack of active interest.

Price below 50 DMA (₹5,506) → Indicates short-term trend reversal.

🛒 Intraday Entry Setup

Buy Range: ₹5,455–₹5,470 Recommended only if price stabilizes here and volume spikes above 3L.

Profit Targets

Target 1: ₹5,490 (near-term resistance)

Target 2: ₹5,510 (breakout zone above 50DMA if momentum revives)

Stop-Loss: ₹5,440 Below short-term support and volume pivot.

🔁 Exit Strategy If Holding Intraday

Weakening Signals

Price fails to reclaim ₹5,480 within first half of the session.

RSI dips below 42 and MACD histogram continues expanding negatively.

Volume remains under 2.5L post mid-session.

Profit Zone: ₹5,490–₹5,510 Consider booking partially on rejection candles near ₹5,500.

Trailing Stop Strategy: If price rallies past ₹5,520 late-day, trail SL to ₹5,490 to lock gains.

💡 Trading Tip

Despite strong long-term fundamentals (EPS: ₹173, ROCE: 29.8%), today's intraday mood seems subdued. It's one of those stocks where capital preservation is key until technical indicators realign.

Would you like me to highlight auto stocks with higher intraday momentum or bullish MACD crossovers for tomorrow’s session? Let's find something that rides smoother 🛞📈.

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