NiftyAuto trend approaching multiyear resistance and if this breaks we may see good rally in auto sector stocks
Nifty Auto sector approaching multiyear resistance ..if it breaks we may see good rally in auto sector stocks
keep eyes on Auto stocks . stocks are showing strenth . as we have seen tatamotors ,maruti and ashoklyland ,bharatforge all are forming kind of PA patterns and ready to fly. keep eyes on tyre companies and batteries also . sector may do well in upcoming sessions as well stocks.
very long going channel broken inn nifty auto, the RS is also positive, plus in the long term auto sector is strong
making VCP (Volatility contractin pattern )also made double bottom . cup and handle pattern , neckline broken , so lot of postive sign , whole sector should do well
CNX Auto is close to a breakout .A Inverse Head and shoulder is formed at two location . Buy above 10490 , Sl 10380 , Target -10940
CNX AUTO H2 charts. Above is the cyclical rhythms on CNX AUTO. Price seems to be following a 24 period cycle. Index has been in a bullish configuration and the previous cycle has only recently formed and we have now entered the rising phase. In this phase, we expect positive upwards moves. Price , on the H2 chart, price is very close to the 20 period Moving...
It has formed a head and shoulders pattern and we can expect an long momentum in auto sector
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).
Cnx auto nifty is taking support at 200 day moving average it is good signal to buy good auto stocks and there is one more reason to buy after 30.08.2021 bcoz i think at that day the auto sales are going to release and then i hope it is to be good so there is more confluence to buy auto stocks
Nifty auto in upcoming days. Can took support from 9700-9800. And above 9950 we may see 10300 level. And if market unable to hold its 9700 we may also see 9350-9300 level.
Nifty auto in upcoming days. Can took support from 9700-9800. And above 9950 we may see 10300 level. And if market unable to hold its 9700 we may also see 9350-9300 level.
Predictor of next crash around 2025 till then pumpamentals remain strong.
cup and handle at daily charts lower level of cup and handle imp resistance levels to be crossed for good rally keep an eye on the following: eicher tvs bajaj hero
A perfect move along the trendline, looking very good towards life time high !!
Nifty Auto Index gave a very strong breakout in the Daily chart. The previous high was 11000 - which also makes it the target of this breakout. high chances it will create a new high very soon. Good time to be long in auto stocks.
keey eye on Auto sector now this sector possible to out perform in market