BAJAJ-AUTO:- Ascending triangle pattern has formed, wait for breakout, till then keep an eye on the stock
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get...
ndr auto component given good break out and making new highs , charts looks good and company catering to auto sector looks for buy on dips
cmp 676 pyramiding prefered till 560 with stop at 500 for multibagger return.
TALBROS AUTO READY FOR HIGHER UPSIDE :
52 weeks of sideways looks ready to be broken for the better !! tight PA on the right side signals chances of a BO are higher with the volume to coming to a standstill ( so to say )
CMP - 551
Resistance - 570
Target - 630
SL - 535
Tata Motors has formed a parallel rising channel in which the stock has fallen from the top resistance. In addition to this, the stock today (16/09/2022) broke its 200D EMA and is ready for another 6/7% fall according to the setup & support of the rising channel.
One can short at:
CMP - ₹425
Target - ₹ 410 / 400 / 390
SL - ₹ 445( closing basis )
...
When auto index at ATH
triangle pattern
proper consolidation
airbag theme play
Golden crossover many good factors
Disclaimer: Chart, data and levels for study purpose only. I am not a financial advisor. Use your intelligence before investing.
Lumax auto share is about to breakout its levels it seems breakout will be LEGIT because there is consolidation going on, we can expect a immediate target of 280.
Auto index has been the strongest sector in this rally. It Can stop if it doesn't crosses 8th July high. Targets being 11900 11700 11500 & 11300 respectively..
Hero motor is forming dark cloud cover in the short term (intraday) and has lot of downside in the weekly time frame.
Hero at CMP of 2650 has a lot of downside, given the steel excise-duty (news driven) rally after it's poor quarterly results.
Both their topline and bottom line were hit.
People are not buying hero motor bike; 24% decline in sales.
Net profits...
LOGIC,LEVEL AND TARGET WELL MENTIONED IN THE CHART
NOTE -The above interpretation from the chart is my personal view and doesn't guarantee any success.
(Do talk to your financial advisor before making any investment decisions)
please like, share and comment if you have any suggestion regarding this analysis.
SWING TRADING WATCHLIST FOR THE WEEK BEGINNING 6-12-21
INTENT
I will only be sharing the time frame and the scrip name. I will leave the trade basis aside as the intent is to engage the reader in learning the basics of finding good scrips. You can have a look at the charts and place your favorite indicators and check out if any of these fit your trade...
Tata Motors after the Monthly Break out now have two strong resistance at 510 and 525 level. once these two are broken then the target 550 is achievable.
