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CNXAUTO trade ideas

CNX AUTO: Neo wave countseems like CNX AUTO is making triple correction WXYXZ from covid low's. Triple Correction form: wave W =Diametric wave Y =Zigzag wave Z =Flat Current count: Right now as per this labeling we are wave Z(third correction) of which wave A is done and wave has taken a form of diametric correction.With in this wave B diametric we are in wave G meaning wave C is yet to be formed,considering wave Z as a flat correction we will be seeing an impulse or terminal impulse formation in coming days once prices breaks 10470 on the upside in tomorrow's trading session which would mark the end of wave G and start of wave C of higher degree.If we fail to surpass 10470 in tomorrow's trading session then it wud mean wave G is still in action and price can again re-test previous swing low of 9720.Bear in mind we are yet to have wave C on the upside,hence until we dont see faster retracement in price to prior swing low's(9720), any fall near to 9720 is buying opportunity provided other trade setup criteria of reversal candle and follow through in next session along with momentum divergence is seen. 1:1 extention target for wave C is coming @ 11000.
NSE:CNXAUTO
by UNDERDOG-29
nifty auto no movmetn aaj market me itne utar chadaw rhe lekin hamara nify auto me koi khi na badat dekhne ko mili aur na hi girawat. aaj jo market ne kiya usse dekh kar sub shock the lekin nifty auto me aapne same level pe band hua esa bohot kaam dekhne ko mile ga k koi bhi nifty ka sector me aapne same level pe dikhai de na to usme bullish ho aur na hi bearish , aur aapne dhayn de to bade market maker ko sari kharbar phele se rhti h islie jub aaj cabinate ki bethak hui to usme petrol ko gst k undar lane ki bat hui isse petrol aur desieal k daam kaam ho jai ge jisse auto secotre ko kafi fyda hoga. note : note karne wali bat ye h ki bade market player ko phele hi pta hota h k aage kya hone wala h goverment kya karne wali h aur usse market pe kya impact jane wala h upar itna sub islie hi likha k isse auto sectore me tezi aaye gi. islie bade market plyer ne phele hi aapni position bna k rakhi h wo bohot phele se hi buy karne me lage hue h. jisse itni bdi girawat me itne bade market movment pe auto sectore me koi fark dekhne ko nahi mila h. to islie aapni position phele se hi bna kar rakh auto sector me
NSE:CNXAUTOLong
by ashishsuryavanshi67
Nifty auto spot good long candidateNifty auto spot cmp 10000. Study :- Time Cycle, Wolf wave, Harmonic , Chart Pattern. Time Frame :- Daily. Time Cycle :- Bottom to bottom cycle of 74 TD indicate index is making bottom at interval of 74 TD and at the moment index is at 74 TD so if this cycle is matured and the next cycle unfolds we may see a change in trend from now onwards as per this cyclic nature,,, as per peak to peak cycle index might see upmove till first week of october.. Wolf wave :- At the moment index is trading in 5th wave of wolf wave formtation,, if wave 5 mature around this levels and reversal is seen in index from current levels,, than new bull run can be seen in this index and may give out performance now onwards,,, Hidden bullish divergence in RSI indicator gives support for reversal in trend,, Harmonic study :- Deep crab formation is observed as per retracement of last 2 swing ,, this can be pre assumption for the harmonic pattern ,, but if index manage to reverse from this levels , than would lead to formation of deep crab which have maturity point at much higher levels.. Chart Pattern :- Symmetrical triangle pattern,, index is trading around demand zone of triangle formation,, with divergence in indicators,, if managed to sustain above the demand line can give good reversal from current levels,, main trend can only be predicted once index gives breakout on either side of the triangel formation.. Good bullish formation observed in this index,, can start a fresh bull run....
NSE:CNXAUTOLong
by RUDRA007
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