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seekedgetrade
Oct 16, 2021 12:50 PM

#niftyauto breakout confirmation  Long

Nifty Auto IndexNSE

Description

Nifty auto index is showing. A firm confirmation of breakout from the previous resistance and also from a double bottom W pattern.
The last weekly candle is wide range bullish open = low pattern. The momentum and trend is bullish on all timeframes.
From the fundamental side covid recovery and festive sales could help stocks in the sector to sustain the bullishness in the short term.
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