Stock has been squeezing in a range and seems ready to give a break out on either side. Volumes have also dried up and can pick on break out. Keep in radar for next week if doesn't trigger tomorrow. P.S. Wait for candle close on breaching the TLs
Maruti's price has fallen significantly recently. This pattern is perfect to be called a Shark pattern. After a second impulse, the correction went too deep and is expected to be reversed from the PRZ. This is XABCD bullish shark pattern has extensions 0.886-1.13 which form the potential reversal zone (PRZ). We can also a downtrend line is broken, but for...
Nifty Auto showed immense strength bouncing off 200 EMA line and now opening with a gap up and holding above the B level of XABCD bearish butterfly pattern drawn on the chart. The price is near the supply zone but after taking so much beating, it may not reverse again but takes a pullback and continues the rally in my opinion. Or might even fail from the supply...
LOGIC,LEVEL AND TARGET WELL MENTIONED IN THE CHART NOTE -The above interpretation from the chart is my personal view and doesn't guarantee any success. (Do talk to your financial advisor before making any investment decisions) please like, share and comment if you have any suggestion regarding this analysi
stock is making higher high + break out after 2018. target 1 - 120 target 2 - 135 target 3- 168..
Nifty auto index is showing. A firm confirmation of breakout from the previous resistance and also from a double bottom W pattern. The last weekly candle is wide range bullish open = low pattern. The momentum and trend is bullish on all timeframes. From the fundamental side covid recovery and festive sales could help stocks in the sector to sustain the bullishness...
Go long if TVS Motors breaks the neckline , it will be good swing trade as the pattern is found on 1hr time frame.
Holding this stock for quite a long time. Targets of 150+ can also be achieved soon. DO YOUR OWN RESEARCH BEFORE INVESTING OR TRADING.
Levels as mentioned on the chart with probable Price Action to follow....PATTERN: INVERSE HEAD & SHOULDER Be Proactive Trader Better Insight, Better Trade Execution Views are for ‘’EDUCATIONAL PURPOSE ONLY’’ trade at your own risk. ''I HAVE A RIGHT TO BE WRONG'' "Always Respect Risk" Happy Trading Jai Hind
1) Cup & Handle Breakout. 2) Breakout supported with good volumes. 3) Momentum indicators giving green signals. 4) NIFTY AUTO has given weekly breakout. Auto sector stocks should give good move in coming days!!
Auto sector near/at supply zone area from almost 8 months. Chances are high for breakout if happens then ready to buy auto sector stocks to book good handsome profit.
In this self explanatory series I will be posting charts with pure technical analysis only without full length explanations , Traders can ask their doubts in comments section, Happy trading. Disclaimer : This idea was to just give you an insight about my own view and personal observations. Please do your own research or consult an investment advisor before doing...
Levels marked on Charts Disclaimer: All Charts are for educational purpose, consult your financial advisor before investing.
Bajaj Auto has already given the breakout, 3900 level was the strong resistance, . And Bajaj Auto share already broke the level on today. . So for tomorrow we can expect the good move and it wil more strong, once it goes above 4000, . Short term targets is 4200. . What's your view on this comment below in the box.
Bullish Flag breakout in M&M after six months consolidation on monthly chart & on weekly chart as well. Auto index also gave breakout and looks bullish on daily chart. Resistance levels to watch is 822, 850.
Mahindra & Mahindra keep an eye, the Auto sector can perform well in the coming weeks
Nifty Auto is looking bullish. Keep eyes on all good auto stocks.
#CNXAUTO #Nifty - Auto index looks bullish with good risk reward at current - Bullish view until next resistance