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Niftyautosector

Eicher motors around the resistance zone (26/02/24) The stock has taken a nice support from the weekly 20 EMA and has closed around the previous candle close. There is a resistance zone around 3950-3985. If this resistance is clear and price sustain above the level. There will be chance of stock touch its recent high around 4160 level. In case there is a pullback and price action near the support zone (3765-3800) shows some positivity, a nice R:R ratio trade can be captured. Possibility of stock dropping below the support zone is quite less and if it occures, short opportunity will be there upto the next support level. Major support zone :- 3765-3800, 3600-3625 Positional trades in the stock can be created in this week as per the trend. On the daily charts market is consolidating and there are chance of a break out. Next thursday being the monthly expiry march expiry options can be trades. Both side momentum is possible in the stock. Nifty Auto is trading around the ATH. Wait for the price action on the daily charts and enter accordingly.
NSE:EICHERMOT
by Mambotrade
Breakout Analysis: BAJAJ Auto Reaches All-Time HighOverview BAJAJ Auto has given a beautiful breakout of its all-time high with impressive trading volume. Currently trading at an all-time high, this presents an exciting trading opportunity. Today's candle is notably bullish, signaling strong potential for gains. Why It Matters Breakout : When a stock breaks through a key resistance level (like an all-time high), it often signifies a bullish trend. Volume : High trading volume confirms the strength of a breakout. Bullish Candle : A bullish candle indicates that buyers are in control and prices may continue to rise. Remember This analysis is for educational purposes only , and I am not a SEBI registered analyst. Always conduct your own research and consider your risk tolerance. 💪 Embrace the world of trading with confidence! Remember: "Trade wisely, and the profits will follow." 📊💰 If you found this analysis helpful, please press 🚀, comment your thoughts , and follow me for more insights. Thank you for your support and feedback! Check out my TradingView profile for more analyses: in.tradingview.com
NSE:BAJAJ_AUTOLong
by AfnanTAjuddin
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
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
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
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
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 SwingGun
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 SwingGun
4
NIFTY AUTO on Focus for 2022CHART -> NIFTY AUTO WEEKLY SETUP As seen per charts, Nifty Auto is trading under a channel which is in an uptrend from last several weeks. Nifty Auto is making Higher Highs and Higher Lows. Other interesting point on the chart is that Nifty Auto is trading near to it's previous all time highs. We can see a run-away rally in Auto and Auto related stocks if those highs are broken. One can keep this chart on focus for 2022! Disclaimer: This is for educational purpose only. This is not any recommendations. I am not SEBI registered. Please consult your financial advisor before taking any action.
NSE:CNXAUTO
by kathanthakkar403