The bull run of NSE:MARUTI has reached at the same levels where it was rejected earlier in Jan 2018.
The same we can get using bearish harmonic shark pattern with level of .887 at the price of 9400 in weekly TF.
So we can calculate Supply zone in-between the range of 9400- 9700.
There will be higher chance of correction from here.
BUY : Buying opportunity...
Worst scenario for those who are bullish thinking of potential Cup with Handle pattern formation on a broader outlook or reverse Head & Shoulder pattern on a narrower outlook.
If you look carefully, you can see the descending broadening wedge clearly as highlighted in my chart.
You can zoom out to see the broader view of my chart with all the...
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).
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.
FMCG, Pharma, IT, Metals major indices have already performed. Banks, Automobiles are the ones to start performing. Autos had formed a zone and direction will be clear once it breaks either up or down. Considering that nifty auto is already 15% down, and seeing the fact that it's staying strong in lower levels, an upward breakout could be possible.
Stocks to...
