Stock of the day : Eicher Motors Ltd For Target Rs.185 - Religare Broking
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Eicher Motors Ltd
* EICHERMOT has been trading in the corrective phase from last more than 4 months after hitting record high levels.
* It is trading in the tight range around the upper end of the consolidation phase while holding above the short term moving average.
* Following price pattern and uptick in volumes suggests price to registered a breakout and surpass its previous swing high.
* We thus recommend creating longs through the Call option.
Buy Eicher Motors Ltd CMP 120.00 Range 118-120 SL 88; Target 185
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SEBI Registration number is INZ000174330
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