India's largest Die cast maker, and leading company in 2/3 Wheeler OEM supplies. Trading near Breakout levels. Posted good Q Results. Volumes building up at resistance zone. Trading above Key EMA's. ***I AM NOT RESPONSIBLE FOR YOUR PROFIT AND LOSS***
Trendline broken If breakout sustains, initiate long RSI at levels of 60 Hold for Targets - 1284, 1381, 1475, 1584
Based on price action its goin to break out. If it's breaks 130 it may go upto 150. we take long with stop loss at 120.
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