As we can see Nifty Auto is trading in a rectangle pattern. A strong support is placed at 5000 level making it a psychological level as well. Nifty Auto seems to be moving in a sideways pattern.
1. A sustainable breakout above 5500-5600 will give this index a new leg.
2. The current Bollinger Band trend shows that the volatility is reducing.
3. RSI retraced from...
Let Me tell you flocks , there is two distinctive moves in the market ,
01) Function of Price - All we know as Impulse waves
02) Function of Time - All we know as Corrective waves ( structure )
they always co-ordinate with in them with specific character and being analyst one must understand them in timely manner to adjust or adopt the method of...