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Niftyautosector

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
🏍 Bajaj Auto Swing Trade Opportunity 🛺NSE:BAJAJ_AUTO 📌 To Trade on This Chart, You Should Have Reversal Trading Knowledge As Harmonic is One Of The Best Reversal Trading Strategy, But Always Remember That Harmonic Patterns Also Can Fail (there is no holly grail In Stock Market). That's Why One Should Must Have Knowledge Of Reversal Trading To Trade On Harmonic Patterns. 📌 As One can see, This pattern is extended pattern, that's why stop loss quite big. So wait for perfect reversal first then only go for long and ones enter in trade then strictly follow stop loss and here as per my own experience one should take Stop Loss as closing basis. (PRZ :- Potential Reversal Zone, SL :- Stop Loss, TF :- Time Frame) PRZ 1 :- 3180 PRZ 2 :- 3165.5 SL :- 3051.85 (Closing Basis) Target 1:- 3226 Target 2:- 3278 Target 3:- 3349 and more Trailing basis Note:- As Per this harmonic pattern, stop loss is quite big, so Trade on reversal only if you don’t know what is reversal, Ask doubts in comments below. ******whatever charts or levels sharing here or on any other platforms are just for educational purpose only, Not A Recommendation To Buy Or Sell. Please do your own analysis before taking any trade on them. We are not SEBI registered.
NSE:BAJAJ_AUTOLong
by linesandlevels
NIFTY AUTO on Bigger TimeframeNifty Auto is at resistance levels of a trendline on monthly timeframe chart. After 2020 fall it had broke the major resistance and took support on it. Now from support zone it had made higher lows, but not the higher highs. Index had contracted for last few months so now there is high possibility it may show big move one side. This month we may witness a major breakout or it will retrace and and take support. If it comes back and take support then it will generate a strong momentum for breakout or breakdown. The current support zone had many times acted as a resistance. If this support is broke then we may see a fall. This post is for information purpose only. It is my own analysis, I'm not a professional trader or analyst.
NSE:CNXAUTO
by AkshayAdak
M_M ready to bounce back from its demand zone 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 so you can expect a good upside move . enter the rally before before it starts going up . A good risk reward trade can be initiated here with just a 4% risk and a good 12% & 26% reward as target 1 and target 2 . risk taker can intiate the trade here and those who are safe trader can wait for break for this consolidation with a good green candle with volume but that will affect your risk reward ratio . SL to be maintained as a day closing basis . if we closes below this zone on daily timeframe you can close you long trade . Hope you find this analysis helpful . Happy Trading .
NSE:M&MLong
by Deepak_yadav02
MARUTIMaruti, after consolidation phase of wave 2, this stock has given breakout from resistance trendline along with good intensity of volume, with upper bbc in both weekly and daily time frames, wave structure suggests that wave 1 and 2 has been completed and now wave 3 has been started, as wave 3 unfolds price can show the bigger levels of all time high in this stock, this can take months to play out but we have started an uptrend for the sector, we can face next resistance at 7964, 8400 and 9520 levels, one can go long at these levels or in dips ( if any ) with mentioned key levels. wave structure and key levels are mentioned on chart macd in weekly positive crossover uptick above zero line macd in daily positive crossover uptick above zero line rsi in weekly uptick above 60+ rsi in daily above 60 and near 70. dmi adx in weekly positive ungali dmi adx in daily positive weekly near bbc daily upper bbc Disclaimer I am not sebi registered analyst My studies are for educational purpose only Consult your financial advisor before trading or investing
NSE:MARUTILong
by RK_Chaarts
2
Nifty auto spot good long candidateNifty 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 nature,,, as per peak to peak cycle index might see upmove till first week of october.. Wolf wave :- At the moment index is trading in 5th wave of wolf wave formtation,, if wave 5 mature around this levels and reversal is seen in index from current levels,, than new bull run can be seen in this index and may give out performance now onwards,,, Hidden bullish divergence in RSI indicator gives support for reversal in trend,, Harmonic study :- Deep crab formation is observed as per retracement of last 2 swing ,, this can be pre assumption for the harmonic pattern ,, but if index manage to reverse from this levels , than would lead to formation of deep crab which have maturity point at much higher levels.. Chart Pattern :- Symmetrical triangle pattern,, index is trading around demand zone of triangle formation,, with divergence in indicators,, if managed to sustain above the demand line can give good reversal from current levels,, main trend can only be predicted once index gives breakout on either side of the triangel formation.. Good bullish formation observed in this index,, can start a fresh bull run....
NSE:CNXAUTOLong
by RUDRA007
2