Nifty Auto has forming head & shoulder patterns in daily frame.
Nifty Auto is looking bullish. Keep eyes on all good auto stocks.
NIFTY AUTO 1. last 8 months consolidation price move 2. this week break sooon 3. mentioned level of closing confirmation of big rally signal 4. after expect target level same good time stock buy entry
Watch Auto stocks which are about to break as the CNX Auto is ready to break.
#CNXAUTO #Nifty - Auto index looks bullish with good risk reward at current - Bullish view until next resistance
Nifty Auto is showing Bullish Hidden RSI divergence on weekly chart MCAD set for turning +ve ADX (+DMI) set to show strength by crossing 25 levels Instead of chasing individual stocks, one may invest in UTI Transportation & Logistics Fund Regular Plan Growth which holds top quality names in Auto and Auto Ancillary space
Triangle breakout in Nifty auto. Good time to take position in Auto stocks now.
seems 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...
Price showing weakness for the third time and the closing candle is also unimpressive
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...
Near short term resistance..... Any pull back to be bought into Levels Marked..
Keep an eye on it as Nifty Auto is taking support of its own moving average on the chart as well as a double bottom is formed by taking support of moving average. so it means Maruti is going bull and most likely m&m going bull. these 2 stocks going up as I can see on the chart you can make a position on these 2 stocks.
i am expecting huge bullishness in this nifty auto sector in coming months. it will hit 12000 levels in coming weeks or months. so stay tuned and enjoy the trend.
HEY TRADERS, THIS PREDICTION IS BASED ON A HARMONIC PATTERN AND THE HARMONIC PATTERN IS 100% ACCURATE AND10000% RISKY BECAUSE IT IS AGAINST THE TREND METHOD... HOPE YOU ALL FIND SOME VALUE Here... THANK YOU... ~Disclaimer: "I Am Not Sebi Registered Advisor" All views and charts shared in this terminal are purely for...
Price at triangle support and it is good to add Auto stocks to your watch list.
Nifty auto has been taking support from 2 trendlines and looks like moving in a channel. Now need to see whether trendline can act as support or not and then should take a decision
Enter with proper risk to reward ratio. follow @prmshwrn to know more trends