As seen per charts, Nifty Auto is trading under a channel which is in an uptrend from last several weeks.
Nifty Auto is making Higher Highs and Higher Lows. Other interesting point on the chart is that Nifty Auto is trading near to it's previous all time highs. We can see a run-away rally in Auto and Auto related stocks if those highs are broken.
One can keep this chart on focus for 2022!
Disclaimer: This is for educational purpose only. This is not any recommendations. I am not SEBI registered. Please consult your financial advisor before taking any action.