cnxauto aka nifty auto given an all time breakout of a long term upper trendline sector and all the components of the mentioned stocks is also following the same trend of the index one can add auto stocks on dips this sector can be leading sector soon
Nifty Auto appears to be at bad Risk/Reward ratio. Relative Momentum Indicator is pointing to temporary peak. Better to avoid fresh Longs. Since there are sectors which are doing well, I would concentrate on them rather than trying to find short trades in Auto. Especially when the Nifty is looking bullish.
Buy TVS motors above 1152 with 5 mins candle confirmation breakout at 1147 level, hold the long position for targets of 1200/ 1230/1272//1293. Maintain a stop loss of 1118. This will be a positional trade for a short term view.
Subros looks good on charts as it hasnt fell like other stock has been through. has made fantastic bullish patterns which technical analyst like to learn and move through them Positives 1. it has given breakout from price channel which is a bullish pattern. 2. Break out from Range - subros after giving BO from falling wedge remained in range and now it is able to...
Good days over for nifty auto now we can see downfall in auto sector
Eicher motor bearish reversal butterfly pattern complete. This area make or break area.
Worst scenario for those who are bullish thinking of potential Cup with Handle pattern formation on a broader outlook or reverse Head & Shoulder pattern on a narrower outlook. If you look carefully, you can see the descending broadening wedge clearly as highlighted in my chart. You can zoom out to see the broader view of my chart with all the...
Am looking for this downside. As double top formation formed on top secondly overall market structure is bearish. But only on closed below 1785 on daily.
This is good time to go short on this auto stocks. Forming good setup on daily closing...
Below 200 EMA on daily basis + in LH LL setup. Will looking for down side 2300 round levels.
Nifty Auto sector approaching multiyear resistance ..if it breaks we may see good rally in auto sector stocks
Triangle Pattern Breakout in Eicher Motors. Nifty Auto also forming Triangle Pattern , Bullish on Auto Sector for next 3 Months.
This sector is in correction, if the companies upgrade theirselves with the new technologies (Like Uber and Tesla) then chances are very high that correction will be more in up direction (like running correction).
Rising RSI and the price also following the trend line, it is about to break the upper resistance. we may expect a break out soon, if the volume supports the breakout then you can go for long. Thank you.
FMCG, Pharma, IT, Metals major indices have already performed. Banks, Automobiles are the ones to start performing. Autos had formed a zone and direction will be clear once it breaks either up or down. Considering that nifty auto is already 15% down, and seeing the fact that it's staying strong in lower levels, an upward breakout could be possible. Stocks to...
Long Term investment pick All the key levels are mentioned in chart with Stop-loss and Targets Disclaimer I am not sebi registered analyst My studies are Educational purpose only Please consult with your Financial advisor before trading or investing
Tata Motors, Daily Time Frame Given TLBO, & closing above Resistance zones That's Good enough to go Long Disclaimer I am not sebi registered analyst My studies are Educational purpose only Please consult with your Financial advisor before trading or investing