Above technical chart of Eicher Motors indicates that stock is moving in a range bound zone, as long its moves in between its range trend will be mix with no clear direction.
Above nifty stock chart also indicates that stock is about to break its support zone @ 16428, once it closes and holds below then further bearish trend can be seen in coming days.
Intraday stock looks weak below 16428, will find support around 16300, 16200.
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