CNXAUTO - Not at a price point for fresh investmentsTF: Weekly
CMP: 26000
The counts from Covid lows (2020) suggests that the 3rd wave has ended and the stock is due for 4th wave correction.
I have marked the primary and sub wave counts in the chart for easy understanding.
One could argue that the 3rd wave has ended at 27500 (on Sep 2024) In that
Nifty Auto Index
No trades
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CNXAUTOMy View CNXAUTO
The chart is currently forming a range-bound structure between the marked support and resistance levels.
The lower level acts as a buying zone, while the upper level acts as a selling zone.
The red line is the key invalidation level / strict stop-loss for both scenarios.
📈 Bullis
NIFTY Auto Index : Approaching external Liquidity ZoneNIFTY Auto Index at the Upper Liquidity Zone. Its a Monthly Chart.
Keep an eye on this $$$ Zone from where it might create "Pump and Dump" scenario.
Remain cautious because FIIs are selling at all upper levels. Weakening INR and Lower VIX (FIIs are comfortable selling calls / Buying Puts) is the
Bullish on Auto sector for the fifth waveBullish on Auto sector as this is the wave 5th which is last leg of bull move which will end somewhere around 41800.
So might be there are chances that auto sector will be one of the sector leader which participate in the Nifty 50 index last leg off bull market lets see what happen next exited for
CNXAUTO Intraday level Cycle 2CNXAUTO: Intraday Levels Cycle -2 for 08th SEP 2025 (Contd of Previous Post)
SOME CORRECTION AHED.
POSITIONED NEAR UTgt LEVEL.
Constituents of weightage stocks can slip from yheir TOP
^^^^^^^Plot Levels Using 3 Min, 5 Min Time frame in your Chart for Better Analysis^^^^^^^
L#1: If the candle cro
NIFTY AUTO: OME CORRECTION AHED INTRADAY LEVELS plottedCNXAUTO: Intraday Levels for 08th SEP 2025
SOME CORRECTION AHED.
POSITIONED NEAR UTgt LEVEL.
Constituents of weightage stocks can slip from yheir TOP
^^^^^^^ Plot Levels Using 3 Min, 5 Min Time frame in your Chart for Better Analysis ^^^^^^^
L#1: If the candle crossed & stays above the “
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Displays a symbol's value movements over previous years to identify recurring trends.









