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Niftyauto

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
ASAHINDIA - VOLUME BREAKOUT + MACD CROSSOVER + SMA CROSSOVER 📊 Script: ASAHIINDIA (ASAHI INDIA GLASS LIMITED) 📊 Nifty50 Stock: NO 📊 Sectoral Index: NIFTY AUTO / NIFY 500 / NIFTY SMALLCAP 📊 Sector: Automobile and Auto Components 📊 Industry: Auto Components Key highlights: 💡⚡ 📈 Script is trading at upper band of Bollinger Bands (BB) and giving breakout of it. 📈 MACD is giving crossover. 📈 Crossover in Double Moving Averages. 📈 todays volume is much greater then previous trading session volume which indicates volume breakout. 📈 Current RSI is around 65. 📈 One can go for Swing Trade. ⏱️ C.M.P 📑💰- 624 🟢 Target 🎯🏆 - 676 ⚠️ Stoploss ☠️🚫 - 604 ⚠️ 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:ASAHIINDIALong
by radha_23
TATA MOTORS - JUST A VIEW 📊 Script: TATAMOTORS (TATA MOTORS LIMITED) 📊 Nifty50 Stock: YES 📊 Sectoral Index: NIFTY AUTO 📊 Sector: Automobile and Auto Components 📊 Industry: Automobiles, Passenger Cars & Utility Vehicles Previously 448 Level was working as resistance level after it breakout it may work as Support level . Keep an eye on TATAMOTORS. It may take support at mention level or it will break and if it breaks support level one can go for SHORT. ⚠️ 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:TATAMOTORS
by radha_23
HEROMOTOCO - CONSOLIDATION BREAKOUT 📊 Script: HEROMOTOCO (HERO MOTOCORP LIMITED) 📊 Nifty50 Stock: NO 📊 Sectoral Index: NIFTY AUTO 📊 Sector: Automobile and Auto Components 📊 Industry: Automobiles Key highlights: 💡⚡ 📈 Script is trading at upper band of BB. 📈 MACD is giving crossover. 📈 It is giving breakout of consolidation zone. 📈 Right now RSI is around 63. ⏱️ C.M.P 📑💰- 2913 🟢 Target 🎯🏆 - 3186 ⚠️ Stoploss ☠️🚫 - 2812 ⚠️ 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:HEROMOTOCOLong
by radha_23
GNA - MULTIPLE INDICATOR 📊 Script: GNA (GNA AXLES LIMITED) 📊 Nifty50 Stock: NO 📊 Sectoral Index: NIFTY AUTO 📊 Sector: Automobile and Auto Components 📊 Industry: Auto Components & Equipment's Key highlights: 📈 Script is trading at upper band of BB and given breakout of BB. 📈 There is Crossover in MACD. 📈 Double Moving Average is also giving crossover. 📈 Right now RSI is around 70. ⏱️ C.M.P 📑💰- 653 🟢 Target 🎯🏆 - 722 ⚠️ Stoploss ☠️🚫 - 616 ⚠️ 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. Happy learning with trading. Cheers!
NSE:GNALong
by radha_23
Nifty AutoNifty Auto: Be Vigil ! ➡️ Nifty Auto: At multiyear resistance !Monthly and Weekly divergent; daily made first strong bearish candle at ATH BO ➡️ M&M and Maruti contribute ~40% to NiftyAuto index. ➡️ M&M: Big negative daily candle with Future price lower than Spot price; daily goes divergent, weekly and monthly strength remains; if not short, book profit; short near 1160-1185. ➡️ Maruti: Daily cluster broke out earlier and now 2 negative candle; short Candidate below 8300 for sure; near to 8670-8710 for R:R short. Happy Weekend
NSE:CNXAUTOShort
by vnvnsrn
NIFTY AUTO - short term uptrendNIFTY AUTO - short-term uptrend 1. For the swing traders, it's on the short-term uptrend for all auto stock. capitalize it. 2. it may hit in a day and reverse back or in a week based on the rising wedge resistance. 3. Concentrate on M&M, MRF, Maruthi, and TIINDIA for quick running. Note: 1. I’m not a SEBI Registered advisor, my research is personal and for educational purposes only. 2. Always check with your financial advisor and take the trade as per your risk/reward ratio. 3. Follow me for more patterns and like, and share so that we feel it is helpful to many and share more patterns...
NSE:CNXAUTOLong
by ravi15684
Misleading news regarding increased LIC holding of Hero motorIn total, LIC holds about 11 percent equity in Hero motor, that is correct (up from the earlier 9% approx.) However, this holding increase took place over a period of one-and-a-half years (Jan 2021, to June 2022), and not right now as news reports seem to suggest. This (actual) time frame of 1.5 years over which LIC increased their hero holding is courtesy of Moneycontrol, which is reliable reporting Bearish outlook for Hero motor, target by Goldman Sachs is 2080 . Yes, Goldman Sachs' target is not infallible, but be wary of misleading reporting regarding equity, including—but not limited to, Hero motor. Expect intraday selling tomorrow—2500 seems like a place Hero could rest, tomorrow.
NSE:HEROMOTOCOShort
by UnknownUnicorn8094752
Hero moto — large trendHero motor is forming dark cloud cover in the short term (intraday) and has lot of downside in the weekly time frame. Hero at CMP of 2650 has a lot of downside, given the steel excise-duty (news driven) rally after it's poor quarterly results. Both their topline and bottom line were hit. People are not buying hero motor bike; 24% decline in sales. Net profits (bottom line) was hit by 30%. Bearish outlook at the current market price, until next results. Results this poor have shown to plummet giants like Target and Amazon by unforeseen amounts. While steel prices will give them more margin to work with; until sales improve in the next quarter, hero motor price action will explore 2300 levels. Not bullish on this stock until 2300 spot price. Safe strategy: Sell up to two calls (CE) at spot price 2750 / 2700 / 2650 today, and hold for the rest of the month and eat premium.
NSE:HEROMOTOCOShort
by UnknownUnicorn8094752
7
Hero, monthly sales, simplifiedIntraday selling at nifty open, tomorrow. For long term picture, refer to older post. Monthly results are out . Similar to Bajaj Auto, entire two-wheeler segment is hurt. Hero is no different. Semiconductor supply issues in two-wheeler segment. Sourcing semiconductors during shortage will reduce margins as well. We see decline in exports in Hero (as well as Bajaj), but more importantly—Hero motor sales numbers are still well below pre-covid years. When sales are dull, exports are next to nonexistent , and economy is not in good shape, buying would be silly. Generally, my strategy for taking bearish position is selling calls and eating premium, but you can short as well, since we know the sales data. For selling call tomorrow, sell CE at 2800 mark or at 2700 mark in Hero motor. In a way, we know 66% (two thirds) of hero motor's next-quarter result and it's not very exciting. 13.9 percent MoM growth, with further decline in exports. Sales are far from pre-covid levels. Growth outlook is not great. {Note: Bajaj has slightly more reasonable P/E ratio compared to Hero, but I had a bearish position on Bajaj Auto as well; booked that position after result, yesterday.}
NSE:HEROMOTOCOShort
by UnknownUnicorn8094752
4
Nifty AutoNifty Auto (Weekly): 1. Currently in the consolidation range 2. The sector is on the verge of breakout, therefore if Nifty closes above 16400, Nifty Auto can give a good move above 11500 3. Also, the sector has retraced from 50% Fibo levels making a Higher low 4. We can start adding up Auto stocks whose pattern looks similar to Nifty Auto for Portfolio Building 5. Also there is Positive crossover of 5,13 EMA 6. The sector has also given the weekly closing above 20 Moving Average Note: The above post is only for educational purpose Any thoughts?
NSE:CNXAUTO
by deeptinseth