EICHER MOTORS – TradingLounge Elliott Wave Technical Analysis | Daily Chart

• Function: Bullish Trend
• Mode: Impulsive
• Structure: Navy Blue Wave 5
• Current Position: Gray Wave 3
• Next Lower Degree Direction: Gray Wave 4
• Invalidation Level: 4642

Analysis Summary

The daily Elliott Wave analysis for EICHER MOTORS presents a strong bullish outlook. The stock is currently in navy blue wave 5, which is the final wave within the broader gray wave 3 structure.

Market analysts confirm the completion of navy blue wave 4, marking the start of the final impulsive leg—navy blue wave 5. This suggests the stock is in the last phase of a significant bullish run that started from gray wave 1.

Technical Insights

• 4642 is identified as the invalidation level. A break below this would challenge the current wave outlook.
• Upon the completion of navy blue wave 5, the stock is expected to enter a corrective phase (gray wave 4), before potentially continuing upward in gray wave 5.
• The ongoing wave represents both a short-term trading opportunity and a key part of the medium-term trend.

Traders should monitor for typical fifth wave characteristics, including:

• Momentum divergences
• Reduced price acceleration
• Signs of potential reversal or correction

Conclusion

While the bullish trend remains intact, the current setup urges caution as wave 5 nears completion. Traders may consider tightening risk parameters, especially if momentum indicators begin to diverge. The daily chart offers clear visibility for those looking to take advantage of what could be the final phase of this upward cycle in EICHER MOTORS shares.

EICHER MOTORS – Elliott Wave Analysis | Weekly Chart

• Function: Bullish Trend
• Mode: Impulsive
• Structure: Navy Blue Wave 5
• Current Position: Gray Wave 3
• Next Lower Degree Direction: Gray Wave 4
• Invalidation Level: 4642

Analysis Summary

The weekly Elliott Wave analysis for EICHER MOTORS indicates a bullish trend, currently advancing through navy blue wave 5, the final stage of gray wave 3. The corrective phase of navy blue wave 4 appears complete, and the stock is now moving through the terminal impulsive structure of wave 5.

This development highlights the last leg of a significant bullish cycle that originated with gray wave 1, suggesting that EICHER MOTORS may be approaching a trend reversal or major correction at the gray wave level.

Technical Insights

• The analysis sets 4642 as the key invalidation point. A drop below this level would challenge the current wave count.

• Navy blue wave 5 is part of a larger rising structure, which may complete gray wave 3 before transitioning into a corrective gray wave 4.

• This final push often exhibits fifth wave traits such as:

  • Weakening momentum

  • Decreased volume

  • Potential divergences on technical indicators

These signs often suggest the trend is maturing and may soon reverse or consolidate.

Conclusion

Though the bullish trend continues, this phase calls for increased caution. While it remains favorable to maintain long positions aligned with the existing trend, traders and investors should consider tightening risk controls as the structure nears potential exhaustion.

The weekly chart offers strategic insight for position traders, combining near-term opportunity with longer-term market awareness. Preparation for a possible shift into gray wave 4 could help maximize gains while protecting against late-stage volatility.

Technical Analyst: Malik Awais

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