Maruti monthly chart clearly shows the formation of an Inverted H&S pattern. Breakout awaited. The tgt of a valid brkout, should ideally lead to the stock getting into its All Time High Prices. But still the previous top will act as a major resistance. One should take caution at that price levels.
CMP: 757 The stock has been trading in descending triangle pattern. Support lies around 725-730 Expectation: 800, 835
CMP: 1489 Head and shoulder pattern is visible in smaller timeframe. But if it manages to hold the mentioned support, we can see 1530+.
Amar Raja Battery forms Inverse H&S pattern and also has trendline BO. There is major resistance at 769 (200 EMA) Now today it was reverted from this levels so It confirm the Inverse H&S pattern with return move. It can long near 740 add more if come 724 for target 800-820 soon
Breaking out, if holds, go long RSI at levels of 63 Targets - 357, 377, 404
ASHOKLEY is trading in a very tight consolidation zone .......
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M&M has given falling wedge breakout. Key Fibonacci levels marked for targets
NIFTY AUTO 1. last 8 months consolidation price move 2. this week break sooon 3. mentioned level of closing confirmation of big rally signal 4. after expect target level same good time stock buy entry
NSE:M_M Mahindra and Mahindra is bouncing from it's long-term support zone of 730-755 and has beautifully formed cup and handle pattern in weekly charts. Buying volume is also increasing week on week close to it's volume moving average. Go long on breakout above the handle trendline with the target of 820 in the short-term and 900+ for long-term.
Watch Auto stocks which are about to break as the CNX Auto is ready to break.
Triangle breakout in Nifty auto. Good time to take position in Auto stocks now.
Strong breakout after 6 months of consolidation in triangle pattern. As the auto sector is dragging up , now it's the time to catch the rally.
Support 50 EMA and crossing 20 EMA upside and breaks level with good volume before 3 time tasted same levels you can observe in chart what i am talking about
Near short term resistance..... Any pull back to be bought into Levels Marked..
i am expecting huge bullishness in this nifty auto sector in coming months. it will hit 12000 levels in coming weeks or months. so stay tuned and enjoy the trend.
As Describe In Chart Trade Accordingly. Support And Resistance Lines Plot On Chart. Once You Buy or Sell Then Always Book Partial Profit. Do Not Wait For Final Target. Note: As We Seen Today After Opening Market Continue Sell Off In That Case Wait For Sometime To Take Entry In Either BUY Or SELL Side. Thanx.
Is tatamotors making head and shoulder?? ON daily timeframe