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Eicher motors chart

Royal enfield promotor Eicher motor saw sales drop in 
dec qtr ,I dnt remember last when they witnessed drop in sales.

Lets see the Stock chart.

The waves are well labled ,As long as 26200 is not breached we could have a impulse 
down from top ,Which is not good for the stocks bull pattern.
If waves get overlapped ie a breach of 26200 on upside this could well be a short term correction
in bull move ,Lets see how stock behaves.


This post first appeared on Rish Trader, please read the originial post: here

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Eicher motors chart

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