ASHOKLEYVery tight consolidation is going in weekly chart. Breakout above 97 may give good returns in short time.
SL can be kept at 91
CNXAUTO
CNXAUTO/NIFTYAm I watching correctly ? inverted HS in spread chart of CNXAUTO/NIFTY.
If yes then it can give huge upside in maruti and heromoto but after breakout only. This sector has also become necessirty in india so may be considered as defensive one only and while general market may be under consolidation it will run up.
Auto sector is in LongTarget 8,125/8,180
Main Stop loss at 7950
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*Disclaimer : I just shared my view. Please trade with your comfortable and own ideas.
Intraday Trading Strategy using 200MA and 8MA. (HEROMOTOCO)Strategy explained in detail on the chart.
TATA MOTORS - HEAD AND SHOULDERS PATTERNPlease use these entries as breakout points. And Do not trade when a gap up or down occures.
Entry : below 147
Target : Trailing Stop loss
Stop loss : above 147
This is not a recommendation. This is for educational purpose only.
Consider all risks possible with stock market.
Thank you
Have a nice day
Happy Trading!!
time to book some profit3.618 and falling trendline are in close proximity.Negative divergence on indicators is clearly visible. I won't short till the time it closes below support line and ema.
Science Backed by Data[All Series]: What recovered ?There's no worse feeling than having the market go up and Still see your portfolio in negative and wondering why my stocks are not recovering ?
Its because FII's, smart investors, LIC and bigger investment groups have churned sectors, rotated money into new sectors. Corona virus brought new opportunities and shut door on some business(which were stars earlier) permanently. This chart how new sectors are attracting money in last several months and shows recovery & rotations of old sectors. It is also showing top stocks in top 3 sectors and shows their relative performance vs sector.
In future chart will bring out best performing stock in each sector( Reliance , TCS , Auropharma ).
Top Sectors emerging from this fall are CNX Pharma , CNX FMCG & CNX Consumption
See how banks( banknifty ) have been battered and bruised in this corona fall.
See how nifty is under performing Midcap and Nifty Jr
Please like and share your thoughts
How 2020 has been a such a washout year.
NIFTY AUTO Analysis (CNXAUTO)After lock down opened in China, the sales in Auto Sector increased a lot. Maybe same can happen in India.
CNX Auto : Ki kara petrol (Bearish) khatam hi nahi honda ?CNX Auto has broken out of long term trendline support followed by lower top lower bottom structure. However, daily and weekly RSI is showing 1-2-3 type positive divergence which means short trap can come into play in short term which may take it to 8200-8400 on the higher side. 7640 is the support on lower side. Overall, it is poised for 6700-6800 till the time it is trading below 8850-8870 on daily closing basis.
Trader should avoid short in major auto stocks and wait for 5-6% bounce in auto index to create short position.If index falls below 8700 before moving upward, then short term buy position can be created keeping 8500 as stop loss.
CNXAUTO | 1M | key_levelsauto index is at it's 2 year's low(Dec 2016 levels).
right time for investors to start buying in the auto sector.
Escorts - Changing TrendStock seems to be breaking a long term trend line as drawn in the above chart which suggests more selling could come. But its also seems to be taking support at 784 levels so either wait for a retest of the above broken trend line to sell or a breakdown below 780 levels.
Any breakdown below 780 levels with a strong close below that level may signal correction upto 745 levels.
Positional targets can be 684.
CNX AUTO is at an crucial levelAuto Stocks may be at a crucial level.
Index has been creating a falling wedge pattern closely following the mentioned trend line.
A weekly close below the red line may be bearish and targets upto 9920 levels.
Similarly weekly closing above the falling trend line may signal uptrend till previous highs.
Lot depends on news flow and earnings so lets see...
Nifty Auto indexNifty Auto index looks strong as long as it trades above the support.
After breaking the resistance CNXAUTO is currently re-testing it.
