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...
The auto index is showing exhaustion, which means the auto stock may take a pause here. so if you have auto space stocks in your portfolio keep a watch on them and do a re-analysis of the stocks. closing below the horizontal line may reverse the trend of the index. Disclaimer - I am not a SEBI-registered technical analyst and advisor so contact your financial...
CNX AUTO index cmp 13650 Daily time frame Elliot wave study. Index is trading in (V) of wave 5 of motive phase. as per mega phone structure, resistance confluence around the maturity area of wave 5. AS per RSI and MACD index is over bought and any time this move can come to pause. Bulls should be cautious going further in auto stocks. once wave 5 matures and we...
Attached: MARUTI/ NIFTY 50 Daily Chart as of 5th May 2023 This Ratio Chart has just given a Fresh Breakout Buy Signal implying that for the coming days/ few weeks NSE:MARUTI is all ready to Outperform and take Leadership for Nifty 50 Buy Strength and Sell Weakness Hence, expect Buying Action in MARUTI Stock from here on is what the Charts say!
NSE:NIFTY and NSE:CNXAUTO are showing Inter market Divergence again. Last time Divergence occurred in June 2022 when Nifty gave reversal. Will the Divergence work again. Chance are High. We need to wait for follow up Buying though.
NSE:M_M Mahindra & Mahindra facing trend resistance in the monthly time frame, which would be seen as great shorting opportunity for the short period Chart indication - Sell Stoploss - 1340 Target - 1230, 1195, 1080
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,...
Monthly BREAKOUT with Double Bottom B.O WITH RSI DIVERGENCE
📈 Escorts Ltd. 📉 This Stock broke Down from a Down Trending Chanel after testing three times. It was in consolidation inside Channel since last four months and today that ended on Short side So I am biased on sell side as todays candle closed is strong red. On Sell Side I am looking for Targets of 1595 and 1434. StopLoss should be kept at 1860. It offers 1...
It's good stock for swing trading, it should come to my support level nd give a bounce back after too much fall nd the risk nd reward ratio will be 1:2. Don't be so greedy Cheers🍻
Stock is rising in an impulsive manner and currently is in 4th wave. One should buy the stock with SL of 2560 & look for the target of 3000-3050.
GABRIEL INDIA as on daily chart analysis is in brief consolidation zone. Stock above 150 level for a target 155 level.Resistance at 159 level.
As you can see in the chart, Ashok Leyland share has made w pattern and given the strong BREAKOUT. . So for tomorrow you can buy if it goes above 126 for the target 129-130. . What's your view on this comment below in the box.
Tata Motors as per daily chart analysis today it had formed an inside bar candle and the market on the expiry day did well and the momentum should continue tomorrow. The stock is expected to move up.And once it breaks 525 level expected target 550-600.
Buy bajaj auto above 3924 for the target of 4000 and 4121. After a very long consolidation, The Auto stock is showing bullishness so keep good Auto stock on your watch list. Disclaimer This is only for educational purposes, Please do your own analysis before investing hard-earned money.
Betting for upside in auto stocks. M&M looks particularly good in this sector. Possible breakout SL - 719 Disclaimer - Bought M&M at 794
Forming a flag patter, breakout might happen on upper side, look out for auto index cross 10900. Stocks to watch out for if we see a bull run in auto stocks : 1) M&M 2) Escorts 3) Bosch 4) Ashok Leyland I am particularly bullish on M&M. Disclaimer : Bought M&M at 794
Nifty Auto is looking bullish. Keep eyes on all good auto stocks.