Nifty auto weekly chart
1. chart is forming continuation pattern , called ascending triangle.
2. hidden positive divergence in price and RSI.
3. MACD is near to crossover.
waiting for breakout in auto index for long short term entry.
after raise in nifty nifty was gone in sideways trend, please look yellow marked area on price. same time RSI moving average bearish crossover and MACD bearish crossover happened. currently rsi has bearish crossover so wait and watch what will happen to macd. if bearish cross over happen. nifty will go in sideways.