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Niftyauto

HEROMOTOCO- Set to Outperform the Auto Index!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 INVESTOR Money is expected to start flowing into this Stock Makes a Case to Buy an Outperforming Stock See my Related Idea on HEROMOTOCO Outperforming Index Nifty 50, that is another evidence that supports the Bullish View
NSE:HEROMOTOCOLong
by T_Harth
HEROMOTOCO- Relative Strength says BUY!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 Corrective AND NOW, Wave 3/ C to the Upside is set to start/ has started already and this means the Stock is expected to Outperform the Market from here, making it a BUY as you always buy Outperformers because that is where the Strength is! Note: The Stock has Earnings on 4th May, Thursday
NSE:HEROMOTOCOLong
by T_Harth
EICHERMOT - Low Risk high & High Reward TradeEICHERMOT is currently trading on the daily and weekly demand zones. On its weekly chart, EICHERMOT is getting support from the EMA 50, and on its daily chart, it is getting support from the 200 DMA. On the daily chart, we can see the formation of a double bottom and RSI Bullish Divergence. On the weekly chart, the "wave volume divergence indicator" shows that selling volume is also declining. You can plan your entry and keep your stop loss below the swing low if you want to enter a trade aggressively to catch the bottom. This trade has a low risk and high potential reward, in my opinion. Note: My analysis is solely for study purpose; I am not a SEBI registered. If my analysis proves useful to you, please like it and follow me on TradingView for more analysis like this.
NSE:EICHERMOTLong
by AfnanTAjuddin
Weekly Analysis 31st Dec 2022S.no Sector Remarks 1 Nifty Closed at 18105 up by 300points, last week’s low of 17780 was breached by only 5 points and then market reversed. All the sector’s participated in reversal except pharma. Weekly & monthly Tf is still not bullish but daily TF is showing signs of reversal. Now this index should not close below 18000 else next leg of downward rally will be fast. On upside if 18264(fri high) is crossed then 18323, 18385, 18500 will be resistance to watch out. On downside below 18000, 17800, 17636, 17550 will be imp levels to watch out. Need to keep eye on HDFC twins (HDFC ltd & HDFC bank) coz both are consolidating for 7 weeks now, Either side momentum can make or break NIFTY 50 & Banknifty. 2 Nifty Bank Closed at 42986, tested low of 41569 recovery in this index helped overall market. Daily closing above 43622 will take this to 44000 which will be tough resistance to crack. Above 43622, 44000, 44300, 44400, 44575,44850 will be levels to watch out for. On weekly TF this index is making higher high & higher low structure so till the time 41650, 40800 are not breached there is nothing much to worry. So put alert for level and once these levels are breached, book all position in bank stocks 3 Nifty PSU bank Closed at 4318, made low of 3843 and reversed. Banknifty and PSU bank making similar structure and now weekly closing above last week’s high of 4409 will bring momentum. Personally, I would like some correction in this index to initiate fresh trade, current levels are not good risk reward wise. Upside levels 4575,4760, 4870, down side support levels 3815, 3522, 3366. Around 3480/3500 index level we can initiate longs in PNB, Bank of Baroda, IOB 4 Nifty Auto Closed at 12611, took support at 12140 and then up around 400 points over last week close. Now this index should give 2 consecutive daily close above 12759 else this is sell on rise index for me as of now. On upside 12885 will be the tough battle to win for bulls, on down side 11800/12000 will be the crucial support levels. Escorts at 1800, TVS at 960, M&M around 975/1000 levels will be great buy. Put alerts for these prices in your system so that you dont miss out on opportunity 5 Nifty IT Closed at 28621, made low of 28209. On weekly TF this index has made inverted hammer, which is not good sign, till 28000 is intact nothing to worry below this 26313 will be the support. But sell off in Nasdaq is putting lot of pressure on our Indian IT stocks also. INFY around 1363/1400, TCS around 2973 will be great bargain. Currently wipro structure is looking good, above 398, 415, 425 looks possible 6 Nifty Infra Closed at 5252, took support at 5138. upside target of 5300 achieved now we should wait for 4979, 4882 levels to initiate longs 7 Nifty Pharma Closed at 12597, as mentioned last week also this index is not very bullish, around 12057 levels we can initiate long term bets in CIPLA, Drreddy, sunpharma etc. Wait n Watch sector 8 Nifty Metal Closed at 6723, took support from 6194 and gave good up move. China increasing tariff on their steel exports gave momentum to our metal stocks. Now 2 daily close above 6804 can take this index to 6900/6960.I will avoid this sector for fresh long as I am not interested in news driven growth 9 Nifty FMCG Closed at 44171, took support at 44057. On weekly TF made bearish candle and below this week’s low of 44057, 43650 can be tested which will be good place to enter in Top FMCG stocks. On upside 44960,45228, 45400 will be the levels to watch out. ITC at 314, HUL at 2466, tata consumer at 748 will be good place to initiate longs 10 Midcap & Small cap Midcap closed at 31509, took support at 30000 and gave nice upmove of 1500 points. Personally, I got many scripts at very good price and booked out of some. Now 31944 is imp resistance to watch out for above which another leg of rally can come on down side 30000 is imp support. If not entered in last week’s fall, wait for another round of selling to enter good midcap stocks. Small cap closed at 9731, took support at 9100, above 10000 we can expect some fireworks. I would recommend to keep booking or locking profit in both the indexes as i am not fan of V shape recovery 11 Nifty Energy Closed at 25869, made low 24665 and reversed. On upside 26325, 26700, 27000, are imp levels, on down side 24760, 24260 are very important support levels. Reliance around 2370 is good place to go long although as of now reliance structure is not bullish
NSE:NIFTY
by ssudhirsharma11
1
TUBE INVESTMENTS OF INDIA LTD - Multiple Indicators📊 Script: TIINDIA (TUBE INVESTMENTS OF INDIA LIMITED) 📊 Nifty50 Stock: NO 📊 Sectoral Index: NIFTY MIDCAP / NIFTY AUTO / NIFTY 500 📊 Sector: Consumer Discretionary - Automobile and Auto Components 📊 Industry: Auto Components - Auto Components & Equipment's Key highlights: 💡⚡ 📈 Script is trading at upper band of Bollinger Bands (BB) and going to give breakout of it. 📈 MACD is giving crossover. 📈 Double Moving Averages also giving crossover. 📈 Volume is increasing along with price. 📈 Current RSI is around 67. 📈 One can go for Swing Trade. ⏱️ C.M.P 📑💰- 2933 🟢 Target 🎯🏆 - 3272 ⚠️ Stoploss ☠️🚫 - 2758 ⚠️ Important: Always maintain your Risk & Reward Ratio. ⚠️ Purely technical based pick. ✅Like and follow to never miss a new idea!✅ Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes. Eat🍜 Sleep😴 TradingView📈 Repeat🔁 Happy learning with trading. Cheers!🥂
NSE:TIINDIALong
by radha_23
2
CNXAUTO NIFTYAUTO Bullish I am extremely bullish on CNXAuto/NIFTYAUTO! It is forming a flag pattern Making higher highs with correcting RSI Current consolidation might last few more months Target 16000 Currently correcting on 4M timeframe Top constituents by weightage Mahindra & Mahindra Ltd. 20.36 Maruti Suzuki India Ltd. 19.97 Tata Motors Ltd. 11.67 Eicher Motors Ltd. 8.47 Bajaj Auto Ltd. 7.42 Hero MotoCorp Ltd. 5.48 Tube Investments of India Ltd. 4.51 TVS Motor Company Ltd. 4.21 Ashok Leyland Ltd. 3.48 Bharat Forge Ltd. 3.37 Above stocks will do very well as they have a higher presence in the index Also check out Gabriel India
NSE:CNXAUTOLong
by Cryptified_Soul
Maruti Suzuki India Limited - Ascending Triangle Breakout📊 Script: MARUTI (MARUTI SUZUKI INDIA LIMITED) 📊 Nifty50 Stock: YES 📊 Sectoral Index: NIFTY AUTO / NIFTY500 / NIFTY 📊 Sector: Automobile and Auto Components 📊 Industry: Passenger Cars & Utility Vehicles DAILY TIMEFRAME Key highlights: 💡⚡ 📈 Script is trading at upper band of Bollinger Bands (BB) and giving breakout of it. 📈 MACD is giving crossover. 📈 Already Crossover in Double Moving Averages. 📈 Script is giving Ascending Triangle Breakout as mention is chart. 📈 Script is trading at resistance level which is around 9280, technically script is looking good for trade. 📈 Current RSI is around 66. 📈 One can go for Swing Trade. ⏱️ C.M.P 📑💰- 9280 🟢 Target 🎯🏆 - 9733 ⚠️ Stoploss ☠️🚫 - 9053 ⚠️ Important: Always maintain your Risk & Reward Ratio. ✅Like and follow to never miss a new idea!✅ Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes. Eat🍜 Sleep😴 TradingView📈 Repeat 🔁 Happy learning with trading. Cheers!🥂
NSE:MARUTILong
by radha_23
Expecting a small correction in the AUTO SECTORNSE:CNXAUTO I am expecting a small correction in the Auto sector. It is because the price is facing resistance on the upper trendline. The MACD indicator is showing a small divergence as the MACD Line didn't went up when the price went up and giving random crossovers. It is moving in a range but the prices went up in past one month. The same is with the RSI, there is also a small divergence as the RSI is moving in a range and didn't went up with the prices in the past one month indicating loosing momentum. I am expecting the prices to correct and test its 50 EMA levels and extremely it could test the lower Trendline. But not expecting a Bear trend or a trend reversal, as the Sector has outperformed NIFTY 50 for the last 1 year. It is a good time to book partial profits and re enter at lower levels. Disclaimer : It is my own view and analysis. It is for educational purposes and not any type of Recommendation, call or a tip.
NSE:CNXAUTOShort
by Kunal-Battu
3