One can look fresh near 215-225 for upside 300 to 340.. Refer chart for imp levels..
Look fresh near 215-230 for upside 300 and 340 with SL 180.. Refer chart..
GNA looks bullish on Charts above 200 on Closing basis. Targets 343, 391, 417, 472 Stoploss : 258
EICHER MOTORS (Daily) posted a strong rally into strong Fibonacci cluster resistance around 19200 has curtailed the upmove. The immediate downward reaction and inability to move higher is attracting some selling interest once again. Momentum is showing signs of weakness adding to the developing bearish bias. Any move below 17600 could be an invitation for more...
Hare Krishna! Selling Tata Motors Good Luck!
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...
Auto Industry, depicting robust fractals (part 1) Not long ago, auto industry and its ancillary companies were hitting all-time highs. But lately the mood has been somber. Motherson Sumi is down 40% from its 13 month high (or rather all time highs), whereas Maruti is down more than 25%. So is it the right time to buy? What caused such change in fortunes? Can...
After witnessing some volatile sales numbers Tata Motors began 2018 with a strong note posing a healthy 43 per cent spike in January volumes at 59,441 units, led by strong demand for both commercial as well as passenger vehicles sales. Moving to the charts we observe that the trends have been steadily heading lower and has now tread into strong supports around...
The Stock has shown great support at ~377. I believe that is bottom level. check graph for support and resistance levels
This stock has been showing so much promise but there seems to be no impact on its ability to head higher . The last few weeks it has been attempting to tread to a new high only to meet with supplies. AFter forming a Type 2 negative divergence the prices are swiftly heading lower. Now with the breach of the support trendline we could be looking at some selling...
Buy Tatamotors above 465 (typing mistake on the chart. Its not 265)
Buy Jamna auto upto 150 with Sl around 127 for the targets around 200-205 (ft. XABCD pattern)