The Nifty Auto Index is breaking above major resistance near 24,200, signaling a strong bullish breakout. The RSI is at 60.39, indicating positive but not overbought momentum. This breakout suggests potential for further upside as long as the index holds above the new support level (24,200).
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.