NIFTY AUTOCNX Auto is close to a breakout .A Inverse Head and shoulder is formed at two location .
Buy above 10490 , Sl 10380 , Target -10940
Niftyauto
MAHINDRA & MAHINDRA 1HRMAHINDRA & MAHINDRA is making triangle pattern and taken support from a very strong support zone, now can retest and then target is of the green line sl will be or the short can be below the black line.
TATA MOTORS 15MINTATA MOTORS is making atringle pattern can also make a head and shoulders pattern from here or can do a breakout.
BAJAJ AUTO 1HRBAJAJ AUTO is making a narrow range and now again touch the upper black line. It has taken support from the bottom black line.
Apollo Tyre Beautiful Breakout #Trading #Investing #NiftyApollo Tyres was in consolidation since january and now seems to gave a good breakout . As India seems to be in an end stage of covid crisis, Auto Industry might give great results next quarter.
Bajaj Auto in a Range Bajaj Auto seems to have gone into a consolidation phase , A 15-20% of gain can be expected in coming 2-3 months .
Eicher Motors Triangle Pattern BreakoutTriangle Pattern Breakout in Eicher Motors. Nifty Auto also forming Triangle Pattern , Bullish on Auto Sector for next 3 Months.
NIFTYAUTO - NEoWaveThis 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).
HEROMOTO 8th-9th June outlookWith the breakout given on 4th June and retest completed on 7th June one can long Heromoto above 3075 with a stoploss of 3040-3035 for targets 3140 and 3200.
Nifty Auto looking really goodA perfect move along the trendline, looking very good towards life time high !!
HEROMOTOCORP - READY TO BREAKOUT!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.
MARUTI EW Wave with BAT PatternCorrection is almost done with BAT Pattern confirmation.
Possible tgts 7k and 7200
Amara raja Batteri Long(1) Classic Crab pattern with 1.618 FIB and 0.886 FIB for point B and C
(2) 1.618 FIB via trend based FIB Extension from ABC and project it down with 1.618 FIB around 804
(3) 1.618 FIB Retracement from B to C downwards at 827.
(4) DEMA 400 around 780
Nice and clean long setup with SL around 775 possible tgts are 850 and 870
Tata Motors (Intraday - 19/4)Tata Motors is in a "neutral" investment strategy.
. It has a very strong support at 307.45. So most probably it will take the uptrend, if the market stays green on monday.
. Follows "Rising Wedge" pattern. So, if the breakdown happens at 307.45 with strong volume, it can take the downtrend.
TATAMOTORS 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
Nifty Auto...... What Next.........Auto Index approaching......... Support Zones....
Supports and Trend Marked.....
Happy Trading..........
M&M - Ready for its corrective wave 2? M&M on weekly time frames is poised to correct.
Currently, hidden negative divergences are clearly visible on the chart.
Even though, the price has established a new high post-September 2020 however, RSI failed to establish a new high and its the first sign of loss of momentum.
Applying the Elliot wave theory
From march lows of 250 and recent highs of 760 - we can consider this as wave 1
Wave 2 - Usually corrects up to 61.% fibo levels which comes down to 450. However, 570 & 500 are also crucial levels to watch for any reversal signs.
Atul Auto - A Great investment IdeaAtul Auto is a fundamentally a strong company with great investors on board.
Technically, the stock is showing positive divergences on the weekly time frames.
CMP is 192 and it seems it is already to touch 260 and 340 levels.
Any weekly closing above 340 levels will open the chances of it testing its all time highs
Bajaj Auto on the Verge of BreakoutBajaj Auto on the verge of breakout,
Above 3160, it can touch 3250--3300 and then to 3400++ in days to come.
Stop loss below 3040.00
TRADING STRATEGYHi Friends,
Today I am going to teach you a strategy that work for life time and applicable eternally. ✔
This strategy I learned from Greatest of great trader JESSE LIVERMORE.
What is it.
Go long on Strong stock or leader in the sector on first indication of uptrend in respective INDEX.
similarly
Go short on weak stock or laggard in the sector on first indication of down trend in respective INDEX.
Example: NIFTY AUTO sector.
HERO MOTOR is undisputed leader in 2 wheeler sales in INDIA. It reflected by stock behavior. It first brakeout to upside before the auto index brakeout. (30th April 2020)😎
TATA MOTOR is struggling with sales and going to sell some of its units to reduce debt. This is clearly shown by stock behavior as it gave brakeout after auto index brakeout. Now it cracked important level to down side (22nd September 2020)😢
NOW TIDE IS TURNING. (closing below the red lines which shows the investors behavior )
So it is better to short the laggard than winner.
It clearly shown by Tata share price fall during last 3 days.
YOUR HUMBLE TRADER
KIRAN
