TVSMOTORReasons for considering a long position on TVS Motor:
1. Price at Support Zone: The daily horizontal support zone indicates a level where demand has historically been strong, which could push the price higher from here.
2. Above 200-Day Moving Average: Trading above this long-term moving average suggests a bullish trend, as it’s a widely-watched indicator of a stock’s overall direction.
3. Positive Relative Strength Against Nifty: Outperforming the Nifty shows that TVS Motor has stronger momentum, a good sign of investor confidence in this stock specifically.
4. Nifty Auto at Support Zone and 200-Day Moving Average: The sector’s overall strength at support, combined with it holding above the 200-day moving average, adds a supportive macro backdrop.
Waiting for confirmation with a CHOCH (Change of Character) on the 1-hour timeframe is a solid approach. Here’s a structured plan based on that:
1. Wait for CHOCH on 1-Hour: The CHOCH would confirm a potential shift in market structure, signaling the beginning of bullish momentum. This adds more reliability to the trade setup.
2. Entry on Retest / FVG / IFVG:
• Retest: After the CHOCH, a retest of the breakout zone could provide an optimal entry, ensuring the breakout holds.
• Fair Value Gap (FVG): If an FVG appears within this structure, entering here could capture the shift in momentum at a lower-risk point.
• Imbalance Fair Value Gap (IFVG): An entry on an IFVG could further refine your risk-to- reward ratio, especially if market liquidity fills these gaps.
Autosector
TATA MOTORSReasons to consider going long on Tata Motors:
1. Technical Support Levels: Tata Motors is positioned at a horizontal support level and a fair value gap on the daily timeframe, indicating potential for a reversal or bounce.
2. Fundamental Strength: Tata Motors is fundamentally strong, likely benefiting from a well- positioned product line, growing market share, and financial resilience.
3. Sector Support: The Nifty Auto index is also at its support level and is taking support at the 200-day moving average, which could signal broader strength for the auto sector and support upward movement for stocks like Tata Motors.
Waiting for confirmation with a CHOCH (Change of Character) on the 1-hour timeframe is a solid approach. Here’s a structured plan based on that:
1. Wait for CHOCH on 1-Hour: The CHOCH would confirm a potential shift in market structure, signaling the beginning of bullish momentum. This adds more reliability to the trade setup.
2. Entry on Retest / FVG / IFVG:
• Retest: After the CHOCH, a retest of the breakout zone could provide an optimal entry, ensuring the breakout holds.
• Fair Value Gap (FVG): If an FVG appears within this structure, entering here could capture the shift in momentum at a lower-risk point.
• Imbalance Fair Value Gap (IFVG): An entry on an IFVG could further refine your risk-to- reward ratio, especially if market liquidity fills these gaps.
"Retailer Trap in Action? | TATAMOTORS✅"Tata Motors (-3.8%) has hit its lowest point since January, down 28% from July highs. Are you buying the dip?"
✅"Inducement is a process where market movements are manipulated to encourage traders to take positions that are likely to fail. The idea is that large institutions can influence price movements to attract various traders and trap them in losing trades."
💡Insight:
📍Business Split: Tata Motors is separating its Passenger and Commercial Vehicle businesses to streamline operations, with a Jaguar Land Rover IPO expected soon
📍Sales Boosting Discounts: October 2024 sees major festive discounts on models like the Nexon and Harrier to regain market share
📍Sales Performance: A 2% year-over-year increase in Q1 FY25, led by strong growth in commercial vehicles despite slight dips in passenger vehicles
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Nifty Auto Break down Show Lunch is Over ( Dinner Not Started )After the interest rate cut in the US, Break down in Chart. This is show in the Lunch of the automobile is finish but wait after the interest rate cut start this sector is More beneficial of other tradition sector. Conclusion of this is Dinner is Not start.
Mr. Anurag
Bajaj auto bullish from 10750 region Bajaj auto bullish from 10750 region may take support from 11250 region as per fibonaci levels drawn on the chart in coming days and can see breaking 12775 evel its all time high and next target will be 14320.
Its not an recomendation its my point of view for educational purpose only.
Take advice from your financial advisor before investing. I am not responsible for any profit or loss occured.
#bajajauto
Yuken India ready for another big breakoutYuken India is settingup base for another leg of run.
1. First big base then RSI breakout
2. Small base with again RSI breakout
3. Tight consolidation for long period with narrow range then again RSI is ready for breakout
Target 1- 2450
Target 2- 3100
Disclaimer: No BUY/SELL Recommendations just for education purpose
TATAMOTORS Trade Analysis for Buy using Wyckoff method. Wyckoff Story
Prior to trading range we were in uptrend and then we have BC and CHoCH (Change of character). Let’s assume our bias is accumulation based on CHoCH as we don’t see lot of supply in the CHoCH.
Down wave Analysis
We can see that the volatility of the down wave is decreasing from Phase A to Phase C, confirming the accumulation Bias.
Volume Analysis
In Phase B we see increase in supply but the price is not able to go below the trading range, lot of effort to push the price down but fails, indicating effort vs result is not synced. Confirming the accumulation bias.
We have supply decrease from Phase A to Phase C indicating supply is being absorbed.
Spring
We have spring in Phase C
Jump Across the Creek (JAC)
we have JAC in phase D with good volume indicating institutions are present in buying.
Realty & Auto: Massive sell-off opens up a chance for shorting!REALTY
Following an impressive bull run, the index has begun to consolidate and has taken the shape of a Rounding Top pattern.
With significant selling pressure, the index is currently hovering around its trendline support level, which also happens to be the neckline of the Rounding Top pattern.
If the trendline is breached, we could potentially witness a correction in the real estate sector.
This sell-off presents an opportunity to take short positions in stocks like DLF, Godrej Properties etc.
AUTO
The automotive industry has experienced a significant increase and is one of the key sectors contributing to the strong rally of Nifty.
Following a period of consolidation, a breakout occurred but the index encountered a notable rejection at its all-time high.
Following a significant gap, the auto index dropped and is anticipated to decline even further.
Given this situation, there is a chance to open short positions in certain stocks such as M&M, Escorts etc.
TVS MOTRS FOR 2670TVS Motor Company is an Indian multinational motorcycle manufacturer headquartered in Chennai. It is the third-largest motorcycle company in India by revenue. The company has annual sales of three million units and an annual production capacity of over four million vehicles.
I am expecting a good quarterly result from overall Auto sector.
And TVS motors is one his cup n handle pattern breakout, so i am bullish on TVS motors.
CMP :2528
TARGET: 2670
SL: 2430
Note : This is not stock recommendation this is only for educational purpose.
Automobile Speeds Up: TATAMOTORS & ASHOKLEY on focus
The auto index is currently experiencing a robust uptrend, consistently forming higher highs and lows.
After breaking out of the parallel channel, the index underwent a consolidation phase before recently making a significant breakthrough.
This breakout has made the sector highly appealing from an investment standpoint.
Keep an eye on these stocks in this sector: Tata Motors, Ashok Leyland
BULLISH ON MARUTI Maruti has given breakdown from its trendline along with potential support.
In addition, after breakdown it has not fall an inch and thus inviting sellers. I am bullish on this trap.
We can see a big candle soon hunting SL of sellers.
Just an idea of upcoming trend. RR is favorable along with high probability setup.
AUTO SECTOR - Breakout - Retest & BOOM!Price Analysis & Overview:
1. Nifty Auto Index is in it's dream bull run after it broke the ATH resistance levels.
2. At current scenarios, price might continue to move higher towards the marked green lines or consolidate/correct towards EMA and then continue the run again.
3. RSI showing signs of overheated currently.
MONTHLY TF VIEW :
- Stay tuned for further insights, updates and trade safely!
- If you liked the analysis, don't forget to leave a comment and boost the post. Happy trading!
Disclaimer: This is NOT a buy/sell recommendation. This post is meant for learning purposes only. Please, do your due diligence before investing.
Thanks & Regards,
Anubrata Ray
Cup and handle breakout in auto sector stockAshok leyland has been consolidating in a cup and handle pattern since 2019 and is on the verge of a breakout.
A weekly closing above 170 will confirm the breakout which will the stock to 200+ levels in short time. Stock is looking bullish and can be added on dips upto 155 with a SL of 144 DCB.
Chart looks similar to Midhani which gave a sharp upmove after breakout
Note:-Idea is shared for educational purposes and should not be considered as a recommendation.
Lumax Auto Tech posted solid results and in long baseLumax Auto Technology, a market leader in Gear Shifters posted solid Q4Fy24 results.
TA:
-Auto Ancillaries are showing strength
-Long Base, testing 5th time
-Making HLs (Higher lows)
-Price Contracting
Needed good vol for breakout (BO).
Check how it reacting when reaching Hundred's (like 300, 400)
CIEIndia-A flag breakout you shouldn't miss!CIEIndia has formed a beautiful flag & pole pattern whose breakout is expected soon.
If stock gives weekly closing above 500, we can see quick big bullish move in this stock.
Keep in your watchlist.
Stock has very good fundamentals and is in auto ancillary sector.
For long term investors, SL should be below 400 MCB and targets should be 1000++
Hero MotoCorp Update 10May (3May)Since the last post about Hero MotoCorp on 3rd May, the stock has gained over 7% in a not so conducive (positive) market. The signs show a possibility of it reaching its target soon. This is not a trade recommendation. Please do your own due diligence/analysis.
The broader market has been consolidating for a few weeks now and may continue so until general elections before the next leg of escalation begins.
Hero MotoCorp quick 25% gainThe stock has had long periods of consolidations/corrections; last being Feb 2021 to Mar 2023 and then a spurt in price. It currently seems to be in Wave (V) of 3 which is likely to achieve a target of 5700, a 1.618 Fibonacci level as seen in the chart. Any fall from current level (4550) towards 4200-4000 should be used as an opportunity to accumulate.
Wave 3 in EW analysis is said to the best wave to be invested in because it is the longest and the fastest wave. This is not a trade recommendation. Please do your own due diligence.
ATUL AUTO LTDHello and welcome to this analysis
In the higher time frame stock has reacted from its all time high zone, if 475-425 is not protected then the possibility of a double top in monthly time frame should not be ruled out.
Current resistance zone 575-625 above that resumption of strong uptrend probable.
Happy Investing