Niftyauto
NIFTYAUTO | 7000 Support of Last ResortNIFTYAUTO index has been on a downtrend traversing through key supports. Now 7000 seems to be the support of last resort for the index.
(Disclaimer: Our charts and contents are just for the purpose of analysis, learning and general discussion. Do not consider these as trading tips or investment ideas. Trading in Stocks, Futures and Options carry risk and is not suitable for every investor. Hence it is important to do your own analysis before making any investment or trading decisions based on you personal circumstances and it is always better to take advice from professionals)
Tata Motors | Positive Divergence | Initiate longs above 170We could observe a Positive divergence through RSI and MACD in Tata Motors. One can clearly find a bullish bias especially with the momentum of current up move.
170 is a key area from price action action perspective as the stock has reacted to this level historically. Fib 23% coinciding at that level makes it even more significant. Hence, even though we hold a bullish bias, it is necessary to wait for the candle to break above 170 on closing basis. Once we get that confirmation Longs can be initiated with stop below 150 and targets at 183, 190 and 200 (mentioned in chart).
(Disclaimer: Our charts and contents are just for the purpose of analysis, learning and general discussion. Do not consider these as trading tips or investment ideas. Trading in Stocks, Futures and Options carry risk and is not suitable for every investor. Hence it is important to do your own analysis before making any investment or trading decisions based on you personal circumstances and it is always better to take advice from professionals)
Maruti | Inverted Head & ShoulderInverted Head & Shoulder pattern observed in Maruti. Pattern is confirmed as price has broken above 6045. Pattern suggests a target of 6190.
(Disclaimer: Our charts and contents are just for the purpose of analysis, learning and general discussion. Do not consider these as trading tips or investment ideas. Trading in Stocks, Futures and Options carry risk and is not suitable for every investor. Hence it is important to do your own analysis before making any investment or trading decisions based on you personal circumstances and it is always better to take advice from professionals)
Maruti | Bear FlagMaruti breaks down after a short period of consolidation. Apparently, price action is showing a Bear Flag pattern, which is confirmed with a close below 5990. Round number of 6000 too had been breached. Target of the pattern comes in at 5415. With all the weakness surrounding the Auto sector, target seems to be well within reach. Even higher time frame analysis (attached below for reference) indicates same sentiment.
(Disclaimer: Our charts and contents are just for the purpose of analysis, learning and general discussion. Do not consider these as trading tips or investment ideas. Trading in Stocks, Futures and Options carry risk and is not suitable for every investor. Hence it is important to do your own analysis before making any investment or trading decisions based on you personal circumstances and it is always better to take advice from professionals)
APOLLOTYRE - Bounce back -- go long The stock has retraced completely and it is likely to test the fibonacci level of 23.66% (Rs 222)
The stock has a support zone around 200
Aim for a target of 218 and then 222
SL - 205
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.
#MahindraCie Auto sector stock. Indian market. #niftyWeekly TL breakout with good volumes. Retest of the breakout also done. With a SL of 250 weekly closing one can invest for target of 400 and above. A monthly close above 290 and fireworks should happen in the stock. A R:R of 1:4 also makes it a good bet.
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.
NIFTY AUTO BECAUTION TO SHORTNIFTY AUTO IS AT SUPPORT BE CAUTION TO SHORT THE AUTO SECTOR AFTER SEEING ASHOK LEYLAND AND BAJAJ AUTO
levels of Tata Motors by #Pratik2358 for april monthLEVELS GIVEN IN charts if it behaves .. great and good , if not .. would give me a lesson to improove myself!
TVSMOTOR channelTVS motor has been trading within a channel for over a year.
In the days to come, 695-685 is going to be a crucial support zone.
