The 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...
ATUL AUTO is in a Flag Pattern and expecting it to touch 1000-1020 in coming months. NOTE: I'm not a SEBI REG. Study before investing.
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++
Hello 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
Pricol Limited is an automotive components and precision engineered products manufacturer. Stock is in a Bullish channel and FIIs and DIIs are making positions. CMP looks good to me. NOTE: I'm not a SEBI. REG. Study before investing.
Eicher motors after made a higher high and Consolidated, to kickout weak hands out, stocks came down for retracement. Wait for the levels mentioned to see PriceAction and Enter into trade with StopLoss. Good RR for Swing Trade.
Here, we have attached weekly chart patterns for reference.. I hope this will help you a lot...
Hero motors stock has formed a cup and handle pattern from past 4 years. A breakout of this pattern will unlock new highs for the stock. From investment POV, stock offers attractive dividend yield of more than 3% at CMP. Some ratios from fundamental analysis are: D/E is almost 0 ROCE>20% ROE>15% PE is 20 at CMP For trading purposes, stock is risky considering...
In daily time frame it's follow side base trend . Due to quarterly report revenue was down by 2.91%(-2.905B). For long term view it's a bullish . But here support was 165.35 and resistance 190. If it break 190 resistance with great volume and take a retrace at this level then you can make position for long term .
Breakout of trendline and it is bouncing back from a good support with good volumes. We can see a good upmove in short term.
BO of trendline after 2018 and also launching it's veichle can boost this stock sales and revenues. We can see good returns in short and mid term.
Hello and welcome to this analysis Maruti has been a rank outperformer now for 2 decades. Stock has currently reacted to a resistance suggesting probability of some more pullback. Overall stock has tremendous potential for further upside over medium to long term. Investors could look at an opportunity to add via SIP in the broader range 9500-11000 while traders...
Here, is the chart of Maruti.... What's your opinion? Bullish or Bearish?
NSE:AMARAJABAT Amara Raja Batteries Limited (ARBL), the flagship company of the Amara Raja Group, is the technology leader and is one of the largest manufacturers of lead-acid batteries for both industrial and automotive applications in the Indian storage battery industry. Bullish harami candle pattern breakout done and breakout of 45 days consolidation done...
Ashok 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...
Buy around 615 to 627 Tata Motor is trending in upward channel Relative Strength & CCI both are still bullish
📊 Pattern: Falling Wedge Stock May Break down 📌 Symbol/Asset: HERO MOTORCORP LIMITED 🔍 Description: Stock in bearish momentum may break down 👉 Remember: Technical patterns are just one piece of the puzzle. Consider conducting further research, consulting with a financial advisor, and managing your risks appropriately.
Nifty auto is forming a great chart pattern. One of its contributors, hero motocorp is showing a good pattern with the first fib target of 3300-3312. Myself entered in call options today early in the morning. Looking at the movement till now, confidence increased to hold till july end! Bullish setup for sure. Lets hope the bulls support us on this :D