adilsaleem

CNXAUTO 19th Nov 2011

Short
NSE:CNXAUTO   NIFTY AUTO
CNX Auto Daily (Evenign Star)
  • Currently at 38% retracement of most recent wave
    RSI Divergence
    Support at 11640 , breakdown of which can take us to 61% retracement at 11470
    breakdown of 11470 will then take us to 11000 which is a very strong support
    Change of Polarity below 11070
    Bottom Line : Showing sign of reversals , sell on rise till it takes out the recent high