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...
A decent channel formation for short term on hero moto corp
NiftyAuto aka CNXAuto is in No Trade Zone. Please avoid Auto Stocks.
i've markerd the support and resistance levels . trade according o your setups at these crucial zones
1) if opens flat , go for long ion buillish signals 2) if gap down , wait for it to take support and then go long
WE CAN ADD TAT MOTORS ABOVE 105 FOR TARGET OF 120 WITH 96-92 SUPPORT.....
Key Levels for MARUTI SUZUKI : INTRADAY CHART ANALYSIS UPPER BREAKOUT~5480 FIRST TARGET~5567 INTERIM RESISTANCE~5690 FINAL RESISTANCE~5813 *************************** LOWER BREAKOUT~5391 FIRST TARGET~5327 INTERIM SUPPORT~5262 FINAL SUPPORT~5187 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...
After lock down opened in China, the sales in Auto Sector increased a lot. Maybe same can happen in India.
Head and shoulder formation for Nifty auto
Escort looking weak target of 710 easily achievable.
Yes its a breakdown but a weak one wait for one more day for a follow through candle. Escorts, maruti will lead the downslide