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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.
NSE:TATAMOTORSLong
by ksujit08
1
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.
NSE:CNXREALTYShort
by GoodluckCapital
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.
NSE:TVSMOTORLong
by rohanbangad
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
NSE:CNXAUTO
by SuperNova396
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.
NSE:ASHOKLEYLong
by chartistamey
4
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.
NSE:HEROMOTOCOLong
by DhandhaPaani
Hero motors-Green days ahead?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 broader markets are at lifetime high. Best buy level is anywhere close to 2930-2950 with SL of 2700 DCB. Targets are 3300 and above that stock can fly to ATH if market supports. IDEA SHARED ONLY FOR EDUCATIONAL PURPOSES.
NSE:HEROMOTOCOLong
by chartistamey
MARUTI 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 can look for swing trading opportunities with resistance near 10400-500 and support at 9800-9600. Happy Investing
NSE:MARUTI
by Dinesh_C_Nagpal