Now the Auto Segment have come to an pause on daily time frame basis
its been Quite a move towards down ward , One can look for an consolidations phase in the Auto segment
You will observe they might enter in side way pattern or , partially range bond moves
Try to trade with in the range bond move in Future trading ,
I have plotted one of the best...
When sector looming on its bottom line , the returns wouldnt be great in next couple of quarters even if it bottom out. i thought 7500 but went down all the way to 7000. i shifted my support lower which indeed turns out to be good.
NIFTYAUTO index has been on a downtrend traversing through key supports. Now 7000 seems to be the support of last resort for the index.
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Positive Divergence is seen on Daily Chart of CNXAUTO. Could this be a relief in the auto sector? Maybe Yes? or Maybe Not? I searched on google about RSI Divergence(s) before posting this as my charts are generally based on Harmonics and I don't know about divergences or general technical analysis that much. This is on a Daily Timeframe so can be seen as a...
Hi all, CNXAUTO completed corrective structure to the upside opportunity
***Use Proper Risk and Money management Rule if you don't had a one please watch the play don't trade
If you have any Question comment below and don't forget check out my other ideas too
Thank you for your support
Auto Sector the consolidation phase is likely to continue
I am looking this current phase will likely to end near 8175
Expect dramatic Move before it makes U turn in the last phase of consolidation
One can look for sell on rise Opportunity in Auto Scrips Future segments but for sure buying is not a Good idea