Nifty auto index is showing. A firm confirmation of breakout from the previous resistance and also from a double bottom W pattern.
The last weekly candle is wide range bullish open = low pattern. The momentum and trend is bullish on all timeframes.
From the fundamental side covid recovery and festive sales could help stocks in the sector to sustain the bullishness...
currently M_M is consolidating at important zone which you can see also act as a good support in 2015-16 time( you can zoom out the chart ) and it has bounced of many times from the same area in last year . stock is also nearby 200 Ema , A good closing above this will also lead the stock to new highs .
and it has also broken that trendline and retested two times...
Nifty auto spot cmp 10000.
Study :- Time Cycle, Wolf wave, Harmonic , Chart Pattern.
Time Frame :- Daily.
Time Cycle :- Bottom to bottom cycle of 74 TD indicate index is making bottom at interval of 74 TD and at the moment index is at 74 TD so if this cycle is matured and the next cycle unfolds we may see a change in trend from now onwards as per this cyclic...
Tatamotors, 15 min chart
Can go long with stoploss of close below 326
for targets of 333.65, 336.80, & 339.25
I am not sebi registered analyst
My studies are for educational purpose only
Consult your financial advisor before trading or investing
if know such skill then you can get perfect sector at right time to invest in and same way if you know such skill that will help you to disinvestment in same sector at right time , as right time entry is most important in such stocks( sectors) same way right time exit or partial booking profit also must required. keep earning keep learning.
M&M, Daily Chart.
Given Beautiful Break-out of 2 years Resistance Trendline.
CMP 828, Support Zone 770 - 790
Targets are 905 & 980.
EDUCATIONAL PURPOSE ONLY.
CONSULT YOUR FINANCIAL ADIVOR BEFORE TRADING OR INVESTING.