CNXAUTO index has given long term trend-line and Inverted H&S breakout after so long. We may see a rally up to 28000 which is approx 11-12% from current price. 22800 is very crucial support. Closing below this may change my view. Tax cut news might be leading the rally. Choose stock which are currently strong in this consolidation phase. Keep a closer watch on auto stocks.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.