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..
WW seen in weekly chart of Tata Motors. seems good support for long term investment.
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...
If market goes down, be careful. If JBMA breaks 432.4 then further down side is possible to 382 then 358.
A very beautiful price action, we can enter long above 3659.20 this level with some proper Bullish candle signal on 15 mins charts .
bajaj-auto weekly demand and supply zone on chart , plan your trade accordingly.
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.
1)Resistance Tested multiple times 2)Good volumes while breakout 3)Taking support of 50 Daily EMA 4)Forming Higher Highs and Lows Expect a target T1-125 and T2-140 position can be taken based on a few weeks to months based holding period Risk will be 4-5% of capital !!! MANAGE YOUR RISK BEFORE YOU TRADE
TATA MOTORS after seeing a huge breakout from 350 levels has been consolidating between 480-510 for almost a month. The good news is that the stock has taken strong support and shown resilience at 475 levels any price below 475 is a buy zone as the stock has recovered quickly after dropping below 475. Upside and Downside both capped. Until we see a strong...
All set for upward rally perfectly. ESCORTS - Gave Break Out. May wait and enter at 1590 for much stronger confirmation :D
Nifty Auto is at resistance levels of a trendline on monthly timeframe chart. After 2020 fall it had broke the major resistance and took support on it. Now from support zone it had made higher lows, but not the higher highs. Index had contracted for last few months so now there is high possibility it may show big move one side. This month we may witness a major...
Maruti may touch 8000 before November 2021, buy CE avoid PE. Hold if have CE. Enjoy Profit
Buy price - 779 Stop loss - 710 Target 1 - 850 Target 2 - 920
Motherson sumi: on 7th april posted technical chart of motherson sumi kindly refer accordingly, it has retested the breakout of channel and gives its target. after that it formed HNS pattern at top and goes in retracement mode. presently it formed W pattern with following features: 1. up-wedge breakout with volume. 2. Neckline breakout with volume. 3. strong...
NSE:BAJAJ_AUTO Round bottom formation in Bajaj Auto Target - 4200 Target 2 - 4800 SL - 3680