As per Elliott Wave Theory when NSE:NIFTY itself was falling NSE:CNXAUTO hold its fort. Now I'm expecting a similar type of fall in Nifty Auto too with a stoploss above its recent high. You can see my recent Nifty analysis too.
Hero 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...
Intraday 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...
Nifty Auto has been falling from a few weeks and now its time for it to go bullish. Clearly visible in chart patterns
CHART -> 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...
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...
Nifty Auto Nifty Auto sector ready blast mode 2022 starting when break mention all level confirmation next next level as be also mention Nifty Auto all time high target important confirmation for break previous all time high next ongoing rally blast of year 2022
Last month Nifty auto was perfectly traded as (plotted study attached) Have marked important levels for November as well Sell on rise near the levels marked... Like... Share.. Follow ( for more update )
Nifty Auto Any Day Close Above 10408 Buy Auto Stocks With SL Of 10000 (DCB) Target - 12200 (New All Time Auto Index High) Expected Rise - 15-18%
I see that in tata motor, from last few days price are in consolidation phase which form very highly profitable bullish flag pattern. If this breakout occur in next few days then tata motor comes around 700++ easily.
Nifty Auto showed immense strength bouncing off 200 EMA line and now opening with a gap up and holding above the B level of XABCD bearish butterfly pattern drawn on the chart. The price is near the supply zone but after taking so much beating, it may not reverse again but takes a pullback and continues the rally in my opinion. Or might even fail from the supply...
Nifty 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...
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...
Maruti, 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...
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
Is tatamotors making head and shoulder?? ON daily timeframe
Bajaj Auto taking support from a major trendline and 200EMA (Daily) + 50 EMA (Weekly). Rising ADX shows trend is strengthening. Entry could be tomorrows closing or the golden crossover if u want to be safe.