This is also a converging triangle formed with one flat horizontal line on the top & an inclined line meeting at a common point as illustrated in the chart. The flat horizontal line act as a resistance for the prices & the on the inclined line the prices take support. It’s not necessary that the ascending triangle formation takes place only in the bull market,...
Hi Everyone Today we are going to discuss Auto Index. I have given an littile complicate forecast but it was needed to give you an complete picture because you may be having Maruti already in your portfolio. 1) See Maruti is likely to complete its L3 in that price range that mean L5 wont be long. Simply price wise there is not much space for upper side. But...
Hi Everyone Today we are going to discuss Auto Index. 1) First currently Auto index is in correction of L4( long term 4th wave) and futuristic movement is bullish in form of L5 ( 5th wave). 2) In L4 we are also in last leg correction, this mean price should not consolidate here more than 2 week or so. if price consolidate more that mean there is a possibility of...
Hero Moto corp has given a break down of a triangular consolidation and also closed below its 20 DMA, Though, its taking support from its weekly 200 ema. Tomorrow, if the stock on an hourly time frame closes below 2774 levels, a short traded can be initaited. Targets :- 2735, 2692 Stop loss :- 2775 The markets are retracing and the stock if closes below 2730...
Eicher motor is near to all-time high, which will attract you to keep eye on for long-term investment or swing trading if we get a strong break out like M&M.
This lately diversified Motherson company is ready to give a bullish move in coming week up to a level of 85.45. Daily chart has already given breakout from its resistance area, further zooming-in in hourly timeframe, shows breakout from cup & handle pattern with a gap-up. With auto sector looking bullish, it only further confirms the strength of up-move.
The analysis is done on weekly TF hence price may take few weeks to few months in order to reach the targets. Trade setup is explained in image itself. The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade Checkout my other ideas to understand how one can earn from stock...
Nifty Auto: Be Vigil ! ➡️ Nifty Auto: At multiyear resistance !Monthly and Weekly divergent; daily made first strong bearish candle at ATH BO ➡️ M&M and Maruti contribute ~40% to NiftyAuto index. ➡️ M&M: Big negative daily candle with Future price lower than Spot price; daily goes divergent, weekly and monthly strength remains; if not short, book profit;...
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📈 Apollo Tyre 📉 My Findings :- 1. Breakout from a swing high and Resistance Zone. 2. Close above March high. 3. Higher High and Higher Low formation. 4. Auto Sector is in Uptrend. Bias- Long Target- 227, 243 and 259 SL- 187 RR- 1: 2 All Important Supports and Resistances are drawn in chart. All levels are of Spot and on closing basis. Disclaimer : Consult...
TVS Motor Company Ltd (TVSM) is engaged in manufacturing two-wheelers and its accessories; it currently manufactures a wide range of two-wheelers and three-wheelers. Sector: Automobile Industry: Automobiles - Motorcycles / Mopeds Peer comparison 1. Eicher Motors 2. Hero Motocorp 3. TVS Motor Co. 4. Wardwizard Inno.
📈 Hero Moto 📉 My Findings :- 1. Breakout from a swing high and Resistance Zone. 2. Close above March high. 3. Higher High and Higher Low formation. 4. Auto Sector is in Uptrend. Bias- Long Target- 2646, 2792, 2933 and 3057 SL- 2242 RR- 1: 2 All Important Supports and Resistances are drawn in chart. All levels are of Spot and on closing basis. Disclaimer :...
Auto index showing sign of exhaustion. Hammer candlestick near the resistance zone. Short the rally near the resistance is the right strategy in the bear market.
📈 Balkrishna Ind. 📉 My Findings :- 1. Breakout from a swing high and Resistance Zone. 2. Close above March high. 3. Higher High and Higher Low formation. 4. Auto Sector is in Uptrend. Bias- Long Target- 2397, 2516 and 2692 SL- 39450 RR- 1: 2.5 All Important Supports and Resistances are drawn in chart. All levels are of Spot and on closing basis. Disclaimer...
📈 Maruti 📉 My Findings :- 1. Breakout from a Resistance Zone. 2. Double Bottom Formation. 3. Higher High and Higher Low formation. Bias- Long Target- 8210, 8697 and 8952 SL- 7350 RR- 1: 2 All Important Supports and Resistances are drawn in chart. All levels are of Spot and on closing basis. Disclaimer : Consult Your Financial Advisor Before Taking Any...
📈 HoneyWell Auto 📉 My Findings :- 1. Breakout from a Resistance Zone after testing three times. 2. Close above March high. 3. Double Bottom Formation. 4. Higher High and Higher Low formation. Bias- Long Target- 42270, 43302, 44885 and 46110 SL- 39450 RR- 1: 2 All Important Supports and Resistances are drawn in chart. All levels are of Spot and on closing...
📈 TVS Motors 📉 My Findings :- Breakout from a Resistance Zone in third attempt with a strong green candle. Bias- Long Target- 709, 754 and 813 SL- 7350 RR- 1: 2.5 All Important Supports and Resistances are drawn in chart. All levels are of Spot and on closing basis. Disclaimer : Consult Your Financial Advisor Before Taking Any Decision On This Analysis.
NSE:M_M Hi Everyone This is an continuation forecast update for Mahindra & Mahindra. Please follow us with likes and comments. Thank You