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CNXAUTO trade ideas

nse auto movement on mondayThe NSE Auto Index (NIFTY Auto) is currently showing some interesting movements. As of the latest data, it appears that the index is in a slight downtrend1. The index is trading below an important level of 23,543.16, and if it remains below this level, it might continue to show a downward movement in the short term. However, predicting exact movements can be tricky as they depend on various factors including market sentiment, economic indicators, and company-specific news. It's always good to keep an eye on the latest developments and perhaps consult with a financial advisor before making any decisions. Would you like to know more about how to analyze such trends or any other specific information?
NSE:CNXAUTO
by comprehensiveS68604
Decoding the Mystery Behind Dec 20 Fall - Part 77. Nifty Auto -2.28% 3 Months - Rounding Bottom BO done. Target 19752 - nothing wrong in 3 Months / Monthly scale - its going up and wick is getting formed once in a while Weekly - as you can see at every step - there is a Horizontal Consolidation (BOX Pattern) for some weeks then BO, again BOX BO and repeat..... When the stock / sector has a crossed ATH and goes up - there is no more resistance it push it down. But it writes its own fate by creating new Support & Resistances once again because of People's Greed & Fear. When majority thinks it has grown too much - they sell off causing a temp dip. As you can see - there are bigger Red candles in Weekly history. Absolutely nothing wrong - and Still in the Bullish pattern - no negation of pattern anywhere. Trendline Support is also an additional support
NSE:CNXAUTO
by Stocks-n-Trends
Don't miss this "HISTORIC BREAKOUT" in NIFTY AUTO!!!! 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 continually outperform the INDEX. If you want regular updates on - which auto stock to buy? And To know more potential BREAKOUTS, please FOLLOW and LIKE!!!!!!
NSE:CNXAUTOLong
by gauranshvyas7415
NIFTYAUTO Consolidation Nr. Resistance Breakout Potential?🚗 #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 could potentially see a strong upward momentum in the near future. This is especially significant considering the prolonged period of consolidation that the price has been experiencing. 📉 On the other hand, if the price fails to break through the resistance zone, we may see it retreat back into the consolidation phase once again. 🔍 Traders should keep a close eye on #NIFTYAUTO and monitor its movement around the key resistance level. A successful breakout could present lucrative trading opportunities, while a failure to do so may indicate a continued period of consolidation. Happy trading!
NSE:CNXAUTOLong
by Jha_Nidhi
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