CNX auto continues the rally and aims at the 18860-19000 mark to make the new all-time-high. Immediate resistance at 18719.50 which was the latest high made on 29th Dec'23 We can see a small divergence at the current level, indicating the possibility of a price fall. Hence any bullish new entries are advisable once the price validates the breakout of the last high...
For study purpose only; it is NOT trading or investment views.
- Nifty Auto looks all set for a retracement - Stay cautious before you want to accumulate stocks for long - I would still recommend sitting cash
CNX AUTO setting up with toppish formation with bearish divergence on leading indicator. Good distribution happening in most of the stocks at higher levels
- Calling out for a huge drop before these CHARTLATANS trap you at the top. - The trend looks quite faded now, I think from an investment perspective you can start staying cash more. - If you have bought the top keep your exposure less or else this will
#NIFTYAUTO Sector Analysis (1W TF) Pattern: ASCENDING CHANNEL PATTERN - If it breaks the Resistance zone then it could be expected to move to the top of the channel trendline #stocks #swingtrade #chartanalysis #priceaction #traderyte #india #indiagdp #StockMarketindia
Nifty Auto sector has been in up trend for few months now. We can see a head and shoulder pattern in making on the Nifty Auto Index which is trend reversal pattern. Looks like it is time to be cautious on Auto stocks. Levels: 17650 crucial support for Auto Index. An hourly close below this level can be considered to be breakdown. One can look for long only if...
I was taking a look at the ratio charts of sectoral indices to identify which sector though is going up but in relative terms is slowing down. The one that looked the cleanest is that of CNXAUTO. 1. On the LHS, we have the daily chart of CNXAUTO and on RHS a ratio chart of the AUTO index with CNX500. 2. One look at the blue and red zone, and you can see that...
AUTO SECTOR SEEMS TO BE OVERBOUGHT CMP 16400 MAXIMUM RESISTANCE ZONE 16800--16860 at weekly trendline resistance small support at 15450 MAJOR SUPPORT 14150--14250 Regards... Keshav.. 15/09/2023 Disclaimer. I am not a SEBI registered advisor. All views shared on this channel and group are my personal opinions shared for educational purposes .. Good Luck 😉
Upcoming Week / Days Looks like Auto Sector is going to outperform The formation of the Chart Nifty Auto Looks interesting RSI is overbought zone, whenever RSI goes above 70 the tendency of the sector is to fall back & touch the 21/50 day EMA giving an ample opportunity to buy stocks in the sector Though RS (Nifty) is above 0 still looking nice for an upmove
Hello Viewer or Traders, #NiftyAuto trading inside a parallel channel . Sellers are trying but buers still not giving up. We are standing at a decision making area. A weekly closing below the parallel channel will give eraly indication of a possible downtrend. Keep checking your stocks and book profits as required. #NiftyTrading #IndianStockMarket
nifty auto is taking support as angle can cross next angle line
The reason for the delay in posting this is not that the Intraday View went (completely) wrong but the fact that I have been tied up with some personal work. Due to the same reason, have not been able to post views regularly since the past few weeks. While the target given in the Intraday View (Long) on the auto stock didn't get hit, it closed above the...
Trader AnilVijayanVijayan has received the exclusive Intraday View today around 1:10 p. m. wrt the Auto Stock (with specific name & target price) which could well end the day near the highs. If you too wish to be lucky like him, 1. Do hit the like button & 2. Follow my user id. FYI The stock has already jumped ( About 1%) from the recommended levels to him. Do...
An Auto Stock - A great Intraday Buy @ CMP which could well end the day near day high. Any guesses? Those giving consistent likes & following my user id would be informed via chat on this forum. For receiving such exclusive Intraday Views on the market via chat wherein the stock name would be revealed, 1. do hit the like button & 2. Follow my user id
CNX AUTO INDEX made another Engulfing pattern at the High, away from the moving averages. On the prior two occasions when it made similar patterns price made minor corrections pulling back to 10 & 20 EMA respectively. The odds of probability look high for a similar correction again.
The auto index is showing exhaustion, which means the auto stock may take a pause here. so if you have auto space stocks in your portfolio keep a watch on them and do a re-analysis of the stocks. closing below the horizontal line may reverse the trend of the index. Disclaimer - I am not a SEBI-registered technical analyst and advisor so contact your financial...