CNXAUTO trade ideas

mastermukund4

Auto Index Getting Ready for Good Move. Best Stocks to focus M&M, TVS Motors, Ashok Leyland.

AMIT-RAJAN

Nifty auto gives a good breakout on weekly charts its looking ready for 12K Rsi also trending upwards

deeptinseth

Nifty Auto (Weekly): 1. Currently in the consolidation range 2. The sector is on the verge of breakout, therefore if Nifty closes above 16400, Nifty Auto can give a good move above 11500 3. Also, the sector has retraced from 50% Fibo levels making a Higher low 4. We can start adding up Auto stocks whose pattern looks similar to Nifty Auto for Portfolio Building 5....

shantanujain001

Inverted Head and shoulder pattern found for Auto index on daily timeframe , trend line is also broken , i am very bullish on auto index now! Note: This is only for educational purpose

trade_withpriceaction

NIFTY AUTO chart is looking very bullish. Concentrate on Auto stocks.

UnknownUnicorn11613540

the sector is in range bound since a week and now going towards breaking it's range towards downside if it goes below the marked level of range in rectangular shape

rhulanand

Nifty auto harmonic pattern - bullish crab. Once above 11040, it may give a run of 400-800 points depending on trendline disrupture.

AnkurChaturvedi_TA

NSE:CNXAUTO NIFTY AUTO CHARTS ! NIFTYAUTO is trading within a RISING CHANNEL, and now the confluence of LOWER CHANNEL LINE and earlier SUPPORT/RESISTANCE seems to be a good point for Reversal. 100 W-EMA is just few points away !!

kugan_vel Updated 

1. Double top formation is in progress, moving down towards the neckline which would be a strong support. If the neckline is broken, the target would be the bottom of the channel. 2. Day close below 21MA level indicated more bearishness 3. RSI divergence is also observed in the double top

KewlaniKuldeep

Nifty Auto is showing strength and 12000 is the resistance. Above 12000 we can accept quick 2000 points move. Index is moving with a strong price action.

mastermukund4

Auto Index Getting Ready for Good Move. Best Stocks to focus TATA Motors, M&M, Ashok Leyland, Escorts

manuvsingh

NSE:CNXAUTO NIFTY AUTO INDEX in CUP & HANDLE Formation. Awaiting Breakout above 12050 on Weekly Closing Basis. This is the Resistance not broken since 2017. Once Breakout happens after 4 years, it would open path for New Targets : 14000 - 16600 - 19500 Buy AUTO ETF SL: 9950 Golden Crossover & rising weekly RSI Link to Charts of Auto Ancillaries shared recently

YS9

In this berish market NIFTY AUTO is strong. Some positivity can been seen here. Focus on leaders i.e Maruti, Tata motors, Eicher

Tradersasi23

Trading near ATH with strong phase, continues green on 4th week. Look at the Auto shares Hero yesterday gives 100 points. Now one can look for the auto shares and check if the trend is long then start investing small quantity of shares.

nj1980

monthly time frame of auto index preparing for a massive move..

bloggermayur

If it crosses its important resistance, massive highs can be reached as because of plans of india in auto sector

sunnyramidi

CNX Auto is at a very good place at the moment. Look at the Higher lows being formed from September 2020. Once we breakout of the resistance, Auto and Auto Ancillary stocks will have a huge run.

TheSoberTrader

Taking support at 200DMA, started making new higher lows (Dow Theory)