tata motor on sat shows double botton rejection , can open gap up on monday , what's your thoughts?
I have shared CDSL and Likhita Infra. after breakout and they are performing very good till now. In single day gaved 4% and 5%. Let's see. Today got Ashok Leyland which have given breakout with good volume. The only thing is that we need Nifty Auto support and Nifty50. Right time to enter if anyone willing. This post is for information purpose only.
After multiple fake breakouts post crossing resistance levels, Apollo Tyres forming a cup and handle for a bullish rally. This is further supported with latest Quarterly results as Apollo Tyres Reports Robust Recovery in the earnings of March Quarter 270.5% year-on-year increase in consolidated net profit at Rs289 crore for the March quarter.
ENTRY, SL, TARGET IN CHART. Keep a close look at Nifty AUTO TOO.
TREND LINE BREAKOUT AND PATTERN BREAKOUT WITH RISING VOLUME . WE CAN GO FOR LONG FROM CURRENT MARKET PRICE OR SAFERS ENTRY.
Maruti has been in a range, making moves on both sides. But, 6400-6500 remains strong support for Maruti. A breakdown on the downside could trigger a selloff. Conversly, if taking support on 6420-6400 , we can witness a small upside in Maruti. Wait for a volume confirmation to achieve a strong target of 600+ points.
Short if the price go below 2475 Stop Loss 2555 Target 2315 Reason for short: Head and Shoulder Pattern Disclaimer: Please do your own analysis and don't follow me blindly
keep an eye on Ashok Leyland this is for educational purpose only
Negative divergence + RSI failure + long upper wick + no volume range expansion on lower side (means sellers can easily push price lower without any resistance from the buyer). It can retest 3950 -3800 if holds 4275 on daily closing basis. Disc : it's not an investment advice to buy or sell
Enter Tata motors with a 3 week targets of 196 and 6 week target of 235. Entry price: CMP 180-184 SL: 175
AUTO SECTOR LONG TERM VIEW The automobile industry in India is the world’s fourth largest. India was the world's fourth largest manufacturer of cars and seventh largest manufacturer of commercial vehicles in 2019. Indian automotive industry (including component manufacturing) is expected to reach Rs 16.16-18.18 trillion (US$ 251.4-282.8 billion) by 2026. The...
as all auto sectors are running but maruti showing a range moment till now, if it breaked the upper yellow area then a huge rally will be made what if it breaked the flag trend then a short term downtrend will be there full analysed chart is on my free VIP group message me to get in, i will freely guide you . . . happy trading god bless you all
Go Bajaj Auto...A good buy ....on an uptrend.