we can long Bajaj auto as per consolidation, morning star on bottom or trendline support and butterfly pattern on monthly time frame. In upcoming day we can see 20 % move in bajaj auto. cheers!!!
CNX Auto last close is below my monthly bearish level.
It will be interesting to see weather it sustains above bearish level.
Important levels are marked.
Happy trading..
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Mahindra CIE Automotive is engaged in the Business of Production and sale of automotive components to original equipment manufacturing and other customers in india and overseas. which means they supply to TATA motors, Ashok leyland, TVS, Maruti etc.
Share holding pattern
Investors :- 72.19
FII :- 10.45 (-1%)
DII :- 7.84 (+1.8%)
Pubic :- 9.52 (+0.8%)
RSI :-...
great consolidation is happening in heromotocorp chart in daily timeframe with big body candles and can be a good move either downside or upside.it gives good moves after consolidating .
#talbrosauto
Talbros auto
Posted wonderful results.
On Daily charts, risky bet to enter at 260-270
Stop loss of 245
For long term any close above 350 will give big returns.
Stock has taken rejection from the S&R zone. Looks good to short below 2600 for quick targets of 2560, 2520
For confirmation, wait for 15-30 min candle close below the TL (Might take more than a session to hit the target)
P.S. Ignore if stock opens big gap down
Stock has been testing the long time S&R zone and in last 2 sessions has bounced from it with good volumes after making triple bottom.
INTRADAY - If stock opens around 800, gives TL break out from bottom to top and sustains above 805.50 then can target for 820 levels tomorrow. On the flip side if stock opens big gap up - around 805 levels and first 15 minute...
Stock has been trading in a range which is getting smaller and smaller. Volumes have been decreasing all this month.
If stock breaks lower TL (2400 levels) then can target 2375, 2355 and 2330 levels.
Consider upside (1-2%) if upper trendline breaks and stock crosses 2485 successfully.
P.S. As usual fall would be quite faster compared to the rise. Looks likely to...
Stock is slowly falling after forming triple top. Today it broke the support zone but bounced in last 15-30 minutes.
Looks good to short in coming days.
Intraday : Looks good below 731 for few quick points
Swing : Good if 30/60 minute candle closes below 727
P.S. Zone can act as good support, so Ignore if stock starts trading above 750/755 levels
