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Niftyautosector

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
nifty auto 🏍🛵🚗🚓🚕🛺🚙🚌🚐🚑🚒🚍NSE:CNXAUTO 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. Learn . Apply . Grow (if one can find breakouts can hold for some more time with trailing basis stop loss) ******whatever charts or levels sharing here are just for educational purpose only not a recommendation. please do your own analysis before taking any trade on them. we are not SEBI registered.
NSE:CNXAUTO
by linesandlevels