Eicher Motors Ltd – Distribution Zone & Golden Support Level (D)

Eicher Motors is showing signs of short-term distribution after a strong uptrend. The price has been consolidating near the ₹6,850–₹7,050 resistance zone, which has acted as a supply area multiple times in recent sessions.

Following an extended rally from the breakout of the symmetrical triangle, the stock appears to be entering a cool-off phase — likely testing lower supports such as the golden zone (₹6,300–₹6,450) or mid support (₹5,900–₹6,000) before resuming its larger trend.

🎯 Key Levels:
CMP: ₹6,886 (+1.17%)
Resistance / Distribution Zone: ₹6,850 – ₹7,050
Golden Zone (Retracement Support): ₹6,300 – ₹6,450
Mid Support: ₹5,900 – ₹6,000
Stop-Loss (if long): Below ₹5,850

📊 Technical View:
Price facing resistance near prior highs, forming short-term distribution structure.
EMA alignment still bullish, but price is attempting a short-term retest.
Golden zone coincides with 38.2–50% retracement levels from the prior rally.
A reversal candle or bullish pattern in the golden zone could present a buying opportunity for swing traders.

🧠 View:
Eicher Motors remains structurally bullish in the medium term, but a short-term pullback is likely. The ₹6,300–₹6,450 golden zone will be key for a potential bounce, while ₹7,000 continues to act as the ceiling until a clear breakout occurs.