🏍️ EICHERMOT Technical Analysis (Daily Chart) – May 30, 2025
Current Price: ₹5,333.00
Change: -₹46.00 (−0.86%)
🔍 Chart Insights:
Trendline Support Test: Price is hovering near a key ascending trendline. A breakdown could trigger a deeper correction.
Possible Scenarios:
1. Bullish Bounce: If the trendline holds, a bounce back toward the recent highs is possible.
2. Bearish Breakdown: If broken, downside targets are marked at:
₹4,508.75 – Major support and first demand zone.
₹4,253.85 – Extended downside target if selling pressure increases.
Current Price: ₹5,333.00
Change: -₹46.00 (−0.86%)
🔍 Chart Insights:
Trendline Support Test: Price is hovering near a key ascending trendline. A breakdown could trigger a deeper correction.
Possible Scenarios:
1. Bullish Bounce: If the trendline holds, a bounce back toward the recent highs is possible.
2. Bearish Breakdown: If broken, downside targets are marked at:
₹4,508.75 – Major support and first demand zone.
₹4,253.85 – Extended downside target if selling pressure increases.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.