NIFTY AUTO: Bullish for 14200/15500+ SUP: 11655/12289/10680/10000
China re-opens more areas at risk for COVID spread as lockdowns ease LINK in the related box NIFTY AUTO & NIFTY METAL are very high chance to go up.
I am extremely bullish on CNXAuto/NIFTYAUTO! It is forming a flag pattern Making higher highs with correcting RSI Current consolidation might last few more months Target 16000 Currently correcting on 4M timeframe Top constituents by weightage Mahindra & Mahindra Ltd. 20.36 Maruti Suzuki India Ltd. 19.97 Tata Motors Ltd. 11.67 Eicher Motors Ltd....
Index is facing resistance around the ascending resistance trend line, though index and nifty are managing to achieve higher levels, auto index is making bearish weekly candle around resistance levels,, Now till index does not give weekly close above 13500 levels,, view remains to be lighter on auto counters. As inflation boom autos are the first one where the...
#Auto Stocks are setting up for a NEW HIGH NSE:TVSMOTOR NSE:EICHERMOT NSE:TATAMOTORS
NIFTY AUTO is moving between two levels from very long time. It has taken support near lower level 12750 and moving upwards towards 13350. Looks good for futures and option positions in sector. Regards, Dhrumil Vyas
Need a correction because market is Overextended. Market Direct is short bias
Nifty Auto: Recently in good trend. - It has reclaimed the tops of Jan 18 after seeing big dip in Covid times in Nov 21 and has given strong breakout above these highs. Breakout level 12k-12.2k. - Retest done close to breakout level ~12.2k with rejection for going further down. - With Stop level of 12k has good Risk to Reward for long opportunity - Well poised...
CNX Auto last close is below my monthly bearish level. It will be interesting to see weather it sustains above bearish level. Important levels are marked. Happy trading.. Follow for more updates. Share and Like with your trading colleagues.
Hi Everyone Today we are going to discuss Auto Index. 1) First currently Auto index is in correction of L4( long term 4th wave) and futuristic movement is bullish in form of L5 ( 5th wave). 2) In L4 we are also in last leg correction, this mean price should not consolidate here more than 2 week or so. if price consolidate more that mean there is a possibility of...
Preparing for a big rally, keep auto stocks in radar specially Maruti,
NSE:CNXAUTO I am expecting a small correction in the Auto sector. It is because the price is facing resistance on the upper trendline. The MACD indicator is showing a small divergence as the MACD Line didn't went up when the price went up and giving random crossovers. It is moving in a range but the prices went up in past one month. The same is with the RSI,...
\\For educational & Research purpose only. Not a recommendation, Not SEBI Registered Analyst
Any pullback toward the uptrend channels lower boundary then good opportunity to enter in Auto Sector .
Nifty auto is looking for a correction at 12250 Tg 11400 SL 12480
A Multi-month Cup and Handle breakout as good as this!
Nifty Auto index has been trading in a channel for quite some time. It gave a good weekly closing last week, above it's all time high. If the momentum continues, there is a possibility that it can break out of the channel and chase new highs. Let's for this week to see how it closes.
Weekly Breakout in Auto Index . Can add AutoBees for momentum investing . Or can pick individual Auto Stocks such as M&M ,TVS etc