FUNDAMENTALS
Varroc belongs to auto ancilliary sector.
One of the strongest OEM player to ride this bull run on auto sectors.
Ready for EV and had rolled out a lot of stuff for 2 wheelers already. Engine Valves, Lighting, Forging, ADAS ; you just name it and they make that.
The company is not only catering to Indian markets but have manufacturing setup outside...
Tata Motors Limited is an automobile company engaged in manufacturing motor vehicles.
TTM EPS: 31.98
TTM PE: 19.61
P/B: 0.73
Mkt Cap (Rs. Cr.): 208,392
Dividend Yield: 0.32
Sector PE: 52.69
Book Value Per Share: 863.26
Some Positives:
Strong Momentum: Price above short, medium and long term moving averages
Strong Annual EPS Growth
Good quarterly growth...
NSE:SONACOMS
A great proxy player to Automobile Industry with great fundamentals and it was backed by one of the biggest fund house in the world Blackstone.
Stock was in sharp impulse wave which is wave 1. After impulse stock was in running triple three correction which is wave 2. Running triple three correction can be difficult to identify but give...
Overview
BAJAJ Auto has given a beautiful breakout of its all-time high with impressive trading volume.
Currently trading at an all-time high, this presents an exciting trading opportunity.
Today's candle is notably bullish, signaling strong potential for gains.
Why It Matters
Breakout : When a stock breaks through a key resistance level (like an...
Upcoming Week / Days
Looks like Auto Sector is going to outperform
The formation of the Chart Nifty Auto Looks interesting
RSI is overbought zone, whenever RSI goes above 70 the tendency of the sector is to fall back & touch the 21/50 day EMA giving an ample opportunity to buy stocks in the sector
Though RS (Nifty) is above 0 still looking nice for an upmove
Hello Viewer or Traders,
#NiftyAuto trading inside a parallel channel . Sellers are trying but buers still not giving up. We are standing at a decision making area. A weekly closing below the parallel channel will give eraly indication of a possible downtrend. Keep checking your stocks and book profits as required. #NiftyTrading #IndianStockMarket
An ascending channel is the price action contained between upward sloping parallel lines. Higher highs and higher lows characterize this price pattern. Technical analysts construct an ascending channel by drawing a lower trend line that connects the swing lows, and an upper channel line that joins the swing highs.
Ascending Channels: How to Trade This Technical...
As per my setup price is below the moving average & also has taken a retest with a support breakout. If the trade continues in my direction post entry I will shift my SL lower to the buying point and ride the trade for 8% downside targets. R-R is always 1:5+
BALKRISHNA INDUSTRIES is looking good for a swing trade above levels of 2230(weekly candle breakout and retest) for targets of 2400/2600/2700 and sky is open above all time highs for bigger targets , a series of higher lows showing buyers coming and need a breakout above 2230 for a possible trend change towards upside , RR looks favourable
Stock has formed a good double bottom structure and a breakout above 80-85 levels can give a good move towards 100-110 levels in medium to long term duration
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!
Attached: HEROMOTOCO/ NIFTY AUTO Weekly Chart as of 28th April 2023
The Chart is Clearly indicating a Terminal Wave in the form of an Ending Diagonal with a Massive Bullish RSI Divergence
So long Hero MotoCorp has been ignored by the Market and Underperforming within the Auto Index
Get Ready Now because the Stock will see a Change in Trend from Down to UP
and...
Attached: HEROMOTOCO/ NIFTY 50 Weekly Chart as of 28th April 2023
The above Ratio Chart also called a Relative Strength Chart shows that the Stock HEROMOTOCO is set to Outperform the Index Nifty 50 and has given a Buy Signal on this Ratio Chart based on Elliot Wave Theory
Wave 1/ A was a 5 wave Impulse
Ratio retraced to 0.786 in Wave 2/ B as a 3 wave...
Same as other indices Nifty Auto index as also bounced backed
after significant correction
With the result season in mind....
have plotted important levels for trading...
Happy Trading...
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Tata Motors is looking bullish on chart.
Good bullish candle has been formed today. It already has filled its previous gap.
Good Support at 430. Resistance- 474/494
Chart is self explanatory. Levels of breakout, possible up-moves (where index may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before...
