NSE:CNXAUTO - Overview on all timeframes - MTF, WTF, DTF
DTF its trading within ascending triangle. Expect price to consolidate
WTF its taking long term support and might make double bottom as long s 12675 is held on weekly closing basis. Also showing signs of flag pattern formation but that will be only confirmed if 12675 is held. If thats broken, bullish...
In this video I have tried to discuss critical levels of Nifty and Banknifty and the rationale behind them. Also i have tried to squeeze couple of sectoral indices so as to have a better view to approach markets going ahead