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Eicher motor

Discussion in 'Technical Analysis' started by prabhat_mishra, Jan 2, 2018.

  1. prabhat_mishra

    prabhat_mishra Active Member

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    Is it right time to enter Eicher motor at 29000 level. Need expert advise.
     
    prabhat_mishra, Jan 2, 2018
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  2. mailtoswarup

    mailtoswarup Member

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    I am still far away to be an expert , but according to my study of charts 28200 to 28500 is a good buying range. From trading point of view.

    Sent from my Redmi Note 3 using DIYTA mobile app
     
    mailtoswarup, Jan 2, 2018
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  3. prabhat_mishra

    prabhat_mishra Active Member

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    Thanks
     
    prabhat_mishra, Jan 2, 2018
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  4. shabbir

    shabbir Administrator Staff Member

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    Don't rush out and buy at the first red tick in this stock as of now. There are few points to consider.
    1. It has breached 200DMA and so it will have some time in correction.
    2. It has been traded at high PE but market is disappointed with its December sales. The numbers are very good but market expected more.
    3. Overall market sentiment is weak and there are no triggers for market to be able to make new highs
    Considering all these, it will be good to accumulate and not jump right away to invest. I hope 2018 will provide better investment opportunities than 2017.
     
    shabbir, Jan 2, 2018
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    bhat64, abhijitupsc, vjx and 2 others like this.
  5. prabhat_mishra

    prabhat_mishra Active Member

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    Thanks Shabir jee. As always your guidence is precise, informative and convincing. Definately 2018 will give lot of opportunities. So can we prepare a furure stock portofolio of high quality stocks such as page ind, maruti, pidlite etc with targeted entry point with some market crash fund as highlighted by somebody in this forum.
     
    prabhat_mishra, Jan 3, 2018
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    shabbir likes this.