We witnessed some weaknesses for a few days in Tata Motors. Tata Motors is trading at immediate support. We should expect some bounce back. 150 will be safe target. 160 is aggressive target.
Target - 160
Auto Sector has rallied 75% since April, with increasing demand for personal vehicles in India. Technically, the price has always followed the long term trend line marked on the chart. The prices breached the trend line for the first time due to the COVID-19 related sell off.
The auto sector should correct and stay sideways for the coming days and offer good...
Key Levels for MARUTI SUZUKI : INTRADAY CHART ANALYSIS
My views are for educational purposes only.
Please trade with caution and consult your financial adviser before trading.
Tvs Motors can be sold and hold for 1-2 days
It has double top at a very strong Resistance Area
You can do intraday as well. It is in good Risk to Reward Ratio
As Auto Market will not be so bullish!
Keep Earning with Proper Stop Loss!
As we can see Nifty Auto is trading in a rectangle pattern. A strong support is placed at 5000 level making it a psychological level as well. Nifty Auto seems to be moving in a sideways pattern.
1. A sustainable breakout above 5500-5600 will give this index a new leg.
2. The current Bollinger Band trend shows that the volatility is reducing.
3. RSI retraced from...