CIE Automotive India in Distribution Phase: Enter at 570

CIE automotive India is currently in a distribution face after a rally and it has exactly reversed from a key pivot level. Since a red candle has been formed with huge volumes and it’s a bearish engulfing on daily time frame price, is currently consolidating since change in trend is bound to happen When such a candle happens.Once price takes it’s all time high, which was formed by a doji stock can rally till 828 levels in the coming year and it can give a return of more than 45% by end of 2024.