NIFTYAUTO index has been on a downtrend traversing through key supports. Now 7000 seems to be the support of last resort for the index. (Disclaimer: Our charts and contents are just for the purpose of analysis, learning and general discussion. Do not consider these as trading tips or investment ideas. Trading in Stocks, Futures and Options carry risk and is not...
Double Top pattern spotted in Bajaj Auto. If the pattern is confirmed by breaching 2900 levels, the stock can be expected to fall nearly 7% towards 2710. Do notice that rising Trendline is broken. Apparently, 61.8% FIB falls at 2710 making it a considerable support.
CNX Auto has broken out of long term trendline support followed by lower top lower bottom structure. However, daily and weekly RSI is showing 1-2-3 type positive divergence which means short trap can come into play in short term which may take it to 8200-8400 on the higher side. 7640 is the support on lower side. Overall, it is poised for 6700-6800 till the time...
The Nifty Auto index was trading 1.17 per cent down at 8487.20 around 09:48 am. Today Market is so cool Steel and Pharma Sector is bullish note but nifty auto index is 1.17 per cent down it's very clear think Tata Motors (down 3.27 per cent), Maruti Suzuki IndiaNSE -1.96 % (down 1.97 per cent) , Motherson Sumi SystemsNSE -2.40 % (down 1.92 per cent) and Apollo...
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i see the stock crashing by 5/7% in couple of sessions !
1) Head & shoulder on all time high 2) RSI oversold 3) CNX Auto at 52 wk low 4) Though volume no are good in CV side but price is not reflecting it --- are missing something? Are at peak of earning cycle or derating due to change in cost of capital 5) If crude goes upto 90-100$/bbl and INR to 80 then only stock can be shorted 5) In my view stock likely to bounce...
1) Volatility and volume divergence 2) Double bottom after downward trend
1) Head & SHoulder pattern 2) Stock has been into consolidation despite showing good volumes every month 3) It shall break the resistance of 135 in coming earning season
Signals are generated using a proprietary indicator developed by me using Tradingview Pine Script ( and ). My posts here are delayed. To get real time updates take subscription for TrendShikariNTS.
Signals are generated using a proprietary indicator developed by me using Tradingview Pine Script ( and ). My posts here are delayed. To get real time updates take subscription for TrendShikari NTS
Can go long on Bajaj Auto if it crosses 2900. SL 2865, tARGET - 2920-2937-2974
The log-normal monthly chart of NSE Auto. The support is observed at the lower part of the parallel channel. Great time to accumulate sector stocks.
Signals are generated using a proprietary indicator developed by me using Tradingview Pine Script ( and ).
Auto Stocks may be at a crucial level. Index has been creating a falling wedge pattern closely following the mentioned trend line. A weekly close below the red line may be bearish and targets upto 9920 levels. Similarly weekly closing above the falling trend line may signal uptrend till previous highs. Lot depends on news flow and earnings so lets see...
1) Broken triple top 2) Beneficiary of growth in US economy and currency fall 3) Got defense approval to make equipments
Reversal likely! 1) Affected by Kerala rains 2) CV cycle still strong; though 2w and 4 w sales were subdued
1) 27% sales growth in Aug 2018 on a higher last year volume 2) Can be bought with SL 128.85 as it formed double bottom on 15 min candle 3) Other players in auto sector- Maruti Eicher Escorts Hero barely showed any growth