CNXAUTO trade ideas
NIFTY AUTONIFTY AUTO SEEMS TO BREAK THE LEVELS ON UPPER SIDE OF 7820 AND IF SUSTAINS HAS GOOD POTENTIAL OF UPMOVE
KEEP AN EYE ON ITS LEVELS AND THE STOCKS MAKING UP THIS INDEX
STOCK WEIGHTAGE
Maruti Suzuki India Ltd. 24.05
Mahindra & Mahindra Ltd. 16.77
Bajaj Auto Ltd. 11.30
Hero MotoCorp Ltd. 10.04
Eicher Motors Ltd. 8.30
Tata Motors Ltd. 5.42
MRF Ltd. 3.67
Motherson Sumi Systems Ltd. 3.29
Bosch Ltd. 3.23
Balkrishna Industries Ltd. 3.10
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Hi all,
Its pleasure to have you all here.
I have started putting these charts as a contribution from my side to all people who are new to business, as I had to struggle a lot without any sources at disposal. So please consider this a just small contribution from my side.
Few Honest Disclosures:
1. Any idea shared is my personal view, its not a recommendation, neither any kind of paid propaganda, so please
do your bit of research.
2. Ideas shared does not mean that I trade all or have position in them, this is just a helping hand to all.
3. I expect no comments or like nor any negativity, as I said its just a small helping hand from my side, please plan your risk and trade as per your capacity.
4. To trade in Cash, options or futures is your sole choice and your own risk
5. I am no expert in Tech Indicators, I believe in support resistance and trendline theory, you may use this as a supplement theory for better results.
6. I work for my own living, this is a hobby which I do sincerely to help anyone who might come across my charts.
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Nifty Auto indexNifty Auto Index Breakout. Good opportunity for all, grab quality company like Tatamotors, maruti, heromotocorp, tvsmotors, mothersonsumi and many more.
A clear movement of Nifty AutoNifty Auto as depicted in the chart can be seen moving in its defined path. Technical Indicators can be used for further confirmation.
NIFTY AUTO TREND REVERSAL?In daily chart, it crossed 200 EMA and 200 SMA . Looks like a short term bullish trend or trend reversal.
CNX AUTO- Near Multi-timeframe ResistanceWhen the levels of the various time-frames gets aligned , there is higher chance that the said might get respected.
Expecting correction in Auto stock from next weekI hope pullback in auto stock is over and time for reversal.
Another sector showing strength! WAVE 5 in unfolding!Nifty Auto! a sneak peek into auto sector with EWP!
CNX AUTO - Multitimeframe resistanceWhen the prices hit the levels, which is a resistance on many time frame, chances of price rejection will become high and the same is happening here in the cnx auto index.
Nifty Auto Make or break ZoneNifty auto make or break zone, above 7200 will be confirmed positive movement. Below 6740 will be bad news for auto.
Nifty Auto - Accumulation to Begin1) H & S Monthly TF
2) Wait for this month closing. Aligning with Maruti and Heromotoco
CNX Auto Vs Nifty Index 10650 could be support zone for CNX Auto , CNX Auto need to peform well in order to support meaningfull upside rally in Nifty
NIFTY AUTO CNXAUTONIFTY AUTO CNXAUTO Shows there is more pain left, expanding formation along with Double Top. Stay Light , still some time before we can start "Investing"
