bullish channel is formed it will within the given range
The daily chart shows a beautiful wedge pattern with a tilt towards upward breakout. The weekly chart has shown a MACD uptick yet again and with closing above a strong resistance with good volumes the short term perspective is bullish. Key Resistance at 6550,6620 and 6750. Key Support at 6150 and 6000 Happy trading K
NiftyAuto aka CNXAuto is in No Trade Zone. Please avoid Auto Stocks.
Maruti is expected to take a small pull back downwards till 5870. So Start taking positions from 5945-5920-5895-5870 (Start taking positions from higher price, so that you do not miss the chance of entry in case price shoots high suddenly). The Maruti is expected to touch 6420. A very small percentage of your allocation can also be invested at current price around...
Maruti is erasing all raises and is approaching 5950 followed by 5908. Intraday traders can short immediately and positional traders can buy at 5870 Level.
This is very good stock in the auto sector and highly probable to continue it's uptrend in the future as well. Pro Tip- Very good buy under 700 price for short and long term.
After lock down opened in China, the sales in Auto Sector increased a lot. Maybe same can happen in India.
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After the EXIT at around Rs. 9,000 , the next BUY signal came at Rs. 7,178 . We won't be able to buy at the lowest price, won't be able to sell at highest. But will eat the meat in the middle. Just need to follow a strategy. The Pro-Breakouts strategy that I use automatically draws breakout and support lines, which result in trade signals. For more details,...
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good for long to know sl and targets follow like and comment
M&M showing some support in 503 zone....going long on pull back for 588 will be preferable...Respect Risk.....Happy Trading
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- Maruti has broken its strong support zone at 6500 - Volume doesn't seem to drop anytime sooner - Looks like there is more downside, which can reach to levels of 6000
- The best level to buy will be around Rs. 165 - However, my advice will be don't jump, let the dust settle since the auto sector is still far from recovery
Tata Motors i at long term crucial support of 440/- a close below this will weaken the stock. Refrain from buying