Patience bears sweet rewards. Ashok Ley has been testing lot of patience but the time to reap rewards has come. With a SL below 160 one can go long for a target of 250.
There is a clear BREAKOUT on the WEEKLY CHARTS!!!!!!!! See the Comparative chart analysis, TVS Motor, M&M, Eicher Motor and TATA Motor are more likely to outperform the AUTO INDEX!!!!!!!!! This seems to be the footprint of a future rally in auto stocks. And there is a large possibility that TVS Motor, M&M, Eicher Motor and TATA Motor will lead this rally and...
🚗 #NIFTYAUTO is currently trading in a consolidation zone, with the price hovering near the upper boundary. This level has proven to be a tough resistance for the price in the past, with the range of 13455--13544 being a major obstacle to overcome. 📈 However, if the price manages to break out of this resistance area and closes above it on the weekly chart, we...
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.
NSE:CNXAUTO Relative strength compared to Nifty 50 - NIFT Auto clear outperformer since Jan 2023. Remember Nifty 50 is on downtrend while Auto is on uptrend. Now look for stocks which have better chart pattern than NIFTY Auto. These are going to perform better once NIFTY 50 turn positive. Some examples. 1) NSE:M_M 2) NSE:MAHINDCIE 3) NSE:APOLLOTYRE...
📊 Script: TIINDIA (TUBE INVESTMENTS OF INDIA LIMITED) 📊 Nifty50 Stock: NO 📊 Sectoral Index: NIFTY MIDCAP / NIFTY AUTO / NIFTY 500 📊 Sector: Consumer Discretionary - Automobile and Auto Components 📊 Industry: Auto Components - Auto Components & Equipment's Key highlights: 💡⚡ 📈 Script is trading at upper band of Bollinger Bands (BB) and going to give breakout...
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.
📊 Script: MARUTI (MARUTI SUZUKI INDIA LIMITED) 📊 Nifty50 Stock: YES 📊 Sectoral Index: NIFTY AUTO / NIFTY500 / NIFTY 📊 Sector: Automobile and Auto Components 📊 Industry: Passenger Cars & Utility Vehicles DAILY TIMEFRAME Key highlights: 💡⚡ 📈 Script is trading at upper band of Bollinger Bands (BB) and giving breakout of it. 📈 MACD is giving crossover. 📈...
📊 Script: ASAHIINDIA (ASAHI INDIA GLASS LIMITED) 📊 Nifty50 Stock: NO 📊 Sectoral Index: NIFTY AUTO / NIFY 500 / NIFTY SMALLCAP 📊 Sector: Automobile and Auto Components 📊 Industry: Auto Components Key highlights: 💡⚡ 📈 Script is trading at upper band of Bollinger Bands (BB) and giving breakout of it. 📈 MACD is giving crossover. 📈 Crossover in Double Moving...
📊 Script: HEROMOTOCO (HERO MOTOCORP LIMITED) 📊 Nifty50 Stock: NO 📊 Sectoral Index: NIFTY AUTO 📊 Sector: Automobile and Auto Components 📊 Industry: Automobiles Key highlights: 💡⚡ 📈 Script is trading at upper band of BB. 📈 MACD is giving crossover. 📈 It is giving breakout of consolidation zone. 📈 Right now RSI is around 63. ⏱️ C.M.P 📑💰- 2913 🟢 Target 🎯🏆 -...
📊 Script: GNA (GNA AXLES LIMITED) 📊 Nifty50 Stock: NO 📊 Sectoral Index: NIFTY AUTO 📊 Sector: Automobile and Auto Components 📊 Industry: Auto Components & Equipment's Key highlights: 📈 Script is trading at upper band of BB and given breakout of BB. 📈 There is Crossover in MACD. 📈 Double Moving Average is also giving crossover. 📈 Right now RSI is around 70....
Till the time nifty auto index is above the support zone highlighted in red, it is in bull phase.... I had UTI transport fund as a basket approach. UTI transport fund is replica of auto index...
Good days over for nifty auto now we can see downfall in auto sector
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...
GHODA STOCK Buy Pricol above 136 Safe Buy above 140 Add More around 120-122 levels. Stock has always bounced from the dynamic support as shown on charts. Stop Loss for Mid-term: 105 for Short-term (swing): 115 Targets 151..175..++
NSE:MARUTI is Showing Bullish Multi month Breakout and Harmonic Butterfly pattern with target 8500 -9200 . Although it might be consolidate at the range of 7650-7800 if It break the level of 7800 and sustain above higher chance the momentum will come and the Harmonic Pattern will activates and you will see T1 and T2 as well. Suppose it will not sustain and...