Star of the week Chart. CNX Auto Index

This is the most interesting chart of this week. This is a weekly chart of Nifty Auto Index (CNX AUTO). In Dec 17, Auto index made its all time high around 12000 and since then the stock is consolidating below that level. Even in recent times the index tested its resistance, however, this week the index is able to give a clear breakout. This will provide a very good medium term money earning opportunity in auto stocks. Since 2 weeks I have already recommended Hero Motor, Lumax, Jamna etc. the analysis of which can be read for targets and stop losses. Even in future, as and when I get more stocks I will keep recommending it. If we calculate Fibonacci in recent consolidation, we are getting a very aggressive targets and I wish everyone following me should make a great money in months.

CMP - 12361 (16/7/22)
T - 13500, 16000, 18500, 20000 W
SL - 11850 W
View - Medium to Long term.