Harshil_g

Nifty Auto Sector Analysis

Long
NSE:CNXAUTO   Nifty Auto Index
Upcoming Week / Days
Looks like Auto Sector is going to outperform
The formation of the Chart Nifty Auto Looks interesting
RSI is overbought zone, whenever RSI goes above 70 the tendency of the sector is to fall back & touch the 21/50 day EMA giving an ample opportunity to buy stocks in the sector
Though RS (Nifty) is above 0 still looking nice for an upmove

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