Stock has been in accumulation phase from 6 months.
Today is a good breakout with huge volume and some news for overall sector.
Shares of Royal Enfield-maker Eicher Motors rose over 6% on January 2 as the company reported 25% jump in motorcycle sales in December.
In a stock exchange filing, the company said its total motorcycle sales in December rose 25% to 79,466 units as against 63,387 units in the year-ago period.
The company's international business outperformed by rising 90% to 11,575 units.
Above paragraph is borrowed from news portal.
Strategy would be to wait for PULLBACK and let price retrace back to 5150 and then buy, now since price have moved away reward to risk ratio is not favorable.
Today is a good breakout with huge volume and some news for overall sector.
Shares of Royal Enfield-maker Eicher Motors rose over 6% on January 2 as the company reported 25% jump in motorcycle sales in December.
In a stock exchange filing, the company said its total motorcycle sales in December rose 25% to 79,466 units as against 63,387 units in the year-ago period.
The company's international business outperformed by rising 90% to 11,575 units.
Above paragraph is borrowed from news portal.
Strategy would be to wait for PULLBACK and let price retrace back to 5150 and then buy, now since price have moved away reward to risk ratio is not favorable.
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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.