Long term Bullish
Target -- 13000 (+20.8%)
Stop loss- 10280( -7.6%)
Time Horizon -1 year
After rebounding from the long term trend line and finding support at 10385 level we expect the long term to continue
to reach 13000+ level in a years time.
In weekly, hidden bullish divergence seen. Also price bounced from flat lower BB
https://in.tradingview.com/x/pTwfXOrC/
It can move up to touch the middle/upper BB.
The chart I am plotting here is the ratio chart between FMCG & Auto Sector. The logic is that during good times Discretionary sector does well & In Bad times Investors hide into consumer staples. As this chart is suggesting FMCG sector is at an record low compared with Auto Sector & has just begun to outperform which is an indicative that one should be cautious. ...
Bullish Flag is in making in NiftyAuto with breakout on
close above 12100
Consolidation is likely to happen within range
11650-1170 on downside if these levels hold
sooner or later breakout is likely to happen
Query : "Will this stock go up? I have bought it at this price." Most of the days I get this question in different form.
Answer : Not only newbie's, but also traders face this uncertainty. After buying or selling the stock they get anxious whether the price will move as per their expectation. Unless we learn to deal with uncertainty, we cant develop trading ...
Auto sector in India has been a stellar performer for last few years.
Its performance is catching up though. In general the Indian market looks ripe for a correction and in general the hardest bull is usually the hardest bear.
CNXAUTO has just broken though the trend channel. Individual stocks in the sector exhibit similar trait. I small bump up would be an ideal ...
Auto ancillary companies supplying to global OEM’s could face a sharp slowdown in growth as Electric Vehicles replace ICE vehicles in the production line. Investors should carefully analyse which companies will face slowdown while looking at investments in auto ancillary stocks.
Tesla is over 10 years old while Ford is 100 years plus old and the smaller and ...
Looking for a fall below 9990 for 9835-9850. Once it goes below 9990 -We want CNX Auto to go below 9950 -a fall till rising trendline support can be seen next which comes in 9835-9850 zone. Later we come back for review.
We have a Bullish BAT pattern shaping up on CNXAUTO.
Some interesting support level to watch out for the reversal area as shown in the chart.
As such pattern looks clean just have to wait for the reversal signal before initiating the trade
