CNXAUTO
BAJAJ AUTOThis stock has recently done breakout in daily time frame with good intensity of volume, and it looks like new impulse as a wave 3 has been started, as wave 3 unfolds we can see this stock at 4000 - 4200 levels, on down side 3830 is a crucial support which is 20 sma mid bollinger band and coincide 40 day ema, both are around same levels to watch out for.
breakout with good intensity of volume
current wave structure could be like this
macd in weekly uptick above zero line
macd in daily positive and uptick and also above zero line
rsi in daily above 60
dmi adx positive ungali setup in weekly
dmi adx positive ungali setup in daily
Most investors treat trading as a hobby because they have a full-time job doing something else. However, If you treat trading like a business, it will pay you like a business. If you treat like a hobby, hobbies don't pay, they cost you...!
Disclaimer
i am not sebi registered analyst
my studies are for educational purpose only
please consult your financial advisor before trading or investing
NiftyAutoNifty Auto is in parallel channel past 17 year and above 12110 monthly closing BO would be clear for bullish upmove
MARUTIMaruti, after consolidation phase of wave 2, this stock has given breakout from resistance trendline along with good intensity of volume, with upper bbc in both weekly and daily time frames, wave structure suggests that wave 1 and 2 has been completed and now wave 3 has been started, as wave 3 unfolds price can show the bigger levels of all time high in this stock, this can take months to play out but we have started an uptrend for the sector, we can face next resistance at 7964, 8400 and 9520 levels, one can go long at these levels or in dips ( if any ) with mentioned key levels.
wave structure and key levels are mentioned on chart
macd in weekly positive crossover uptick above zero line
macd in daily positive crossover uptick above zero line
rsi in weekly uptick above 60+
rsi in daily above 60 and near 70.
dmi adx in weekly positive ungali
dmi adx in daily positive
weekly near bbc
daily upper bbc
Disclaimer
I am not sebi registered analyst
My studies are for educational purpose only
Consult your financial advisor before trading or investing
NIFTY AUTO : Inverted head and shoulder patternNIFTY AUTO
Forming inverted head and shoulder
pattern in daily timeframe.
Bullish Stocks in Auto sector:
1.M&M
2.Mothersonsumi
3.Bajajauto
4.Bharatforg
5.Amarajabat
CNX Auto - Next to breakWatch Auto stocks which are about to break as the CNX Auto is ready to break.
MARUTI SUZUKI -Opportunity for Swing.
1. Since we can see that the price is approaching its previous demand zone, There is an opportunity for going long.
2. CNX NIFTY is aligning with the overall demand zone with maruti.
3. Entry for long after trend reversal around 4H.
CNXAUTO - Triangle patternPrice at triangle support and it is good to add Auto stocks to your watch list.
ASHOKLEY #ASHOKLEY (D):- 132.8 CMP, Looks good for more upsides :)
1) Breakout Done :)
2) Volume Breakout
BAJAJ AUTO LONG.BAJAJ AUTO is maintaining its uptrend structure by continuously making higher lows. It ahs completed a pullback to its 20 EMA and has closed with a positive candle today and decent volume. Keep watch on it for upward continuation, target would be achieved if it breaks above 4300 on a closing basis. Initiate trade only when price sustains above 4200 for at least 15 minutes.
LONG ABOVE : 4200
STOP LOSS : 4030
TARGET 1 : 4370
TARGET 2 : 4540
Maruti - A break of imp support could trigger selloff Maruti has been in a range, making moves on both sides. But, 6400-6500 remains strong support for Maruti. A breakdown on the downside could trigger a selloff. Conversly, if taking support on 6420-6400 , we can witness a small upside in Maruti.
Wait for a volume confirmation to achieve a strong target of 600+ points.
Long opportunities for 15th April The key levels to watch out are mentioned in the video. Trade as per the levels mentioned after finding a suitable candle patterns at support and resistance levels.
For the accurate levels, Follow me on trading view and Insert this indicator from library or from my profile under Scripts.
Happy trading.
CNX AUTONote:
1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR.
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Keep an eye ladies and gentlemen. Cheers and Happy Trading
TATAMOTORS Long and Short IdeaTATAMOTORS Good above 278 for Safe Entry , Early Entry can be done if crossing 270 Level then can test 277-278 Levels
Weak below 259 Levels
MOTHERSUMI Long and Short IdeaMOTHERSUMI after price correction Price is currently ranging in a zone
Breaking 163.50 Level Price can test 175 Levels
Weak Below 152.50 Level
Between these Levels avoid Trading
Resting on imp. Level of Fibo currently.
M_M Short IdeaM_M was in uptrend and recently price failed to create New High and made Lower High which indicates it as a double top pattern
Price is currently resting at neckline. It is weak below 790 Level (if fall continue watch out for breakdown and a strong rejection candle during retest)
