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Nifty Auto Index

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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 case, either expanded flat A and B are done now and the price is moving down on C wave to go below 19000 Or, even worst, 3rd has ended on sep 2024 high and 5th had ended at 29K (Jan 2026).. this would mean a larger correction in play on this counter. Whichever way you look at, at 26K this is a not a great place to buy the stocks in Auto index. Here is the count from larger view perspective We could very well witness euphoric moves in auto stocks (sign of termination wave) or abcde wedge as part of distribution. Think rationally and decide. If you are someone with bullish bias, I could be totally wrong here and the stock is still doing it's extended 3rd wave upmove :) Disclaimer: I am not a SEBI registered Analyst and this is not a trading advise. Views are personal and for educational purpose only. Please consult your Financial Advisor for any investment decisions. Please consider my views only to get a different perspective (FOR or AGAINST your views). Please don't trade FNO based on my views. If you like my analysis and learnt something from it, please give a BOOST. Feel free to express your thoughts and questions in the comments section.
NSE:CNXAUTO
by Murthy_Santhosh
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. 📈 Bullish Scenario (Support Zone): Near the lower support, a bullish candlestick reversal pattern is forming, indicating buying interest. A reversal move is expected if price sustains above support. Upside momentum / uptrend is possible only if price breaks and closes above the red line. 📉 Bearish Scenario (Resistance Zone): Near the upper resistance, a bearish candlestick pattern is forming, suggesting selling pressure. Selling continuation is expected if price gets rejected from resistance. Downtrend is possible only if price breaks and closes below the red line. ⚠️ Risk Management: Strictly follow the stop-loss marked by the red line. Trade only after confirmation candle close. Avoid over-trading within the range. 📌 Disclaimer: This analysis reflects my personal view based on technical analysis and price action. It is not financial advice. Markets are risky—please do your own research and consult a financial advisor before trading. I am not responsible for any profit or loss.
NSE:CNXAUTO
by Royalprince2020
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 the move. stay tuned will share other sectors which will gradually participate in the last leg of bull market. Thanks & Regards Devansh sharma (M.D & CIO ) Green Bull asset managers
NSE:CNXAUTOLong
by devanshs641
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 crossed & stays above the “Buy Gen”, it is treated / considered as Bullish bias. L#2: If the candle stays above “Sell Gen” but below “Buy Gen”, it is treated / considered as Sidewise. Aggressive Traders can take Long position near “Sell Gen” either retesting or crossed from Below & vice-versa i.e. can take Short position near “Buy Gen” either retesting or crossed downward from Above. L#3: If the candle crossed & stays below the “Sell Gen”, it is treated / considered a Bearish bias. L#4: Possibility / Probability of REVERSAL near RL#1 & UTgt HZ => Hurdle Zone, Specialty of “HZ#1 & HZ#2” is Sidewise (behaviour in Nature) Rest Plotted and Mentioned on Chart Color code Used: Green =. Positive bias. Red =. Negative bias. RED in Between Green means Trend Finder / Momentum Change / CYCLE Change and Vice Versa. Notice One thing: HOW LEVELS are Working. Use any Momentum Indicator / Oscillatoror as you "USED to" to Take entry. 📢 Disclaimer I am not a SEBI-registered financial adviser. The information, views, and ideas shared here are purely for educational and informational purposes only. They are not intended as investment advice or a recommendation to buy, sell, or hold any financial instruments. Please consult with your financial advisor before making any trading or investment decisions Trading and investing in the stock market involves risk, and you should do your own research and analysis. You are solely responsible for any decisions made based on this research.
NSE:CNXAUTO
by DSKF16
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 “Buy Gen”, it is treated / considered as Bullish bias. L#2: If the candle stays above “Sell Gen” but below “Buy Gen”, it is treated / considered as Sidewise. Aggressive Traders can take Long position near “Sell Gen” either retesting or crossed from Below & vice-versa i.e. can take Short position near “Buy Gen” either retesting or crossed downward from Above. L#3: If the candle crossed & stays below the “Sell Gen”, it is treated / considered a Bearish bias. L#4: Possibility / Probability of REVERSAL near RL#1 & UTgt HZ => Hurdle Zone, Specialty of “HZ#1 & HZ#2” is Sidewise (behaviour in Nature) Rest Plotted and Mentioned on Chart Color code Used: Green =. Positive bias. Red =. Negative bias. RED in Between Green means Trend Finder / Momentum Change / CYCLE Change and Vice Versa. Notice One thing: HOW LEVELS are Working. Use any Momentum Indicator / Oscillator or as you "USED to" to Take entry. 📢 Disclaimer I am not a SEBI-registered financial adviser. The information, views, and ideas shared here are purely for educational and informational purposes only. They are not intended as investment advice or a recommendation to buy, sell, or hold any financial instruments. Please consult with your financial advisor before making any trading or investment decisions Trading and investing in the stock market involves risk, and you should do your own research and analysis. You are solely responsible for any decisions made based on this research.
NSE:CNXAUTO
by DSKF16
Auto Index has consolidated and might be in search of a BreakoutCNX Auto Index has consolidated for a long time in the range of 22800 and 24250 since May 25. If the index can cross the resistance zone between 23828 and 24221 and if we get a weekly closing above 24221 or 24250 then we might see a rally in this index towards 25K or even near 26K. Currently the index closed on Thursday at 23808. Lot of Auto and Auto component companies gave good results during the last quarter. When the index is strong and gives a breakout it means that the undercurrent in majority of the companies which constitute the index is strong. There will be some companies which will obviously drag the index down as there can not be one way traffic. To know amongst these which companies to invest in an investor should look at fundamentals of the company, recent and past results, cash flows, Sales and order books, EPS and many other factors. While a Technical investor should look at charts of the companies before investing. A smart investor would be a person who looks at both fundamentals and technicals of the company and invests in a fundamentally strong company which is giving a technical breakout. For this one has to learn Techno-Funda analysis. I have written a book on the subject called The Happy Candles Way To Wealth Creation. In this book you will learn the basics of Techno-Funda investing. The book is available on Amazon and is one of the highest rated books in its category. With an approval rating of 4.8/5 as on date. Lot of investors call it as a Hand book for Techno Funda investing. Most of the chapters are standalone and can be read at your own accord. It will be really helpful to you. The companies that constitute this index are Maruti Suzuki, Tata Motors, M&M, MRF, TI India, Exide, Samvardhana Motherson, Ashok Leyland, Hero Moto, TVS Motors, Bharat Forge, Bosch, Balkrishna, Bajaj Auto and Eicher Motors. Amongst these companies due to Tariff uncertainties one should focus on companies which will be least dependent on export and have major market which caters to local consumption or exports not related to US. Two-Wheeler manufacturers and Two Wheeler component manufacturers are looking particularly strong in the index as most of them are consumed and sold locally. The rains so far this monsoon have been good so the Farm equipment and Tractor manufacturers also can try to push the index upwards if the monsoon remains strong in India. If we get a closing above 24250 we can easily see index moving 1000 to 1500 points northwards if positivity in the index sustains. The resistances currently for the Auto index are at 23828, 24221, 24554, 24965, 25407 and 25865. The supports for Auto index remain at 23620 (Mother line support), 23087 (Father line support), 22894 (Below this level index becomes very weak) and 22259. To know more about Mother line, Father line and my Mother, Father and Small child theory you should once again I recommend, read my book the Happy Candles Way to Wealth Creation. Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock or index. The Techno-Funda analysis is based on data that is more than 3 months old. Supports and Resistances are determined by historic past peaks and Valley in the chart. Many other indicators and patterns like EMA, RSI, MACD, Volumes, Fibonacci, parallel channel etc. use historic data which is 3 months or older cyclical points. There is no guarantee they will work in future as markets are highly volatile and swings in prices are also due to macro and micro factors based on actions taken by the company as well as region and global events. Equity investment is subject to risks. I or my clients or family members might have positions in the stocks that we mention in our educational posts. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message. Do consult your investment advisor before taking any financial decisions. Stop losses should be an important part of any investment in equity.
NSE:CNXAUTOLong
by Happy_Candles_Investment
Nifty Auto Index – Breakout Watch with Bullish MomentumNifty Auto Index—Breakout Watch with Bullish Momentum Timeframe: Daily Current Price: ₹24,007.95 Trend: Consolidation Breakout / Bullish Setup 🔍 Technical Highlights: Consolidation Zone: Price has remained in a tight sideways range for the past 5 weeks (~₹23,000–₹24,000), indicating accumulation. Breakout Attempt: Price is currently testing the upper band of this consolidation box (as seen in the green highlighted zone). Support Zone: Strong support from both PEMA Bands and Developing Weekly/Monthly CPR (₹23,670–₹23,837). 📌 Trade Idea: Trade Type: Positional Swing Long Entry: On daily close above ₹24,050 with volume confirmation Targets: T1: ₹24,345 T2: ₹25,343 Stop Loss: ₹23,670 (below Monthly CPR and PEMA support) ⚠️ Risk Management Notes: Risk-to-reward is favorable if entered near breakout with SL below the CPR zone. Monitor for any rejection at weekly/monthly H3 zones for partial booking. Avoid fresh longs if the index fails to hold above ₹24,000 by the end of the week. The Nifty Auto Index shows strong signs of bullish momentum as it attempts to break out of a 5-week range, supported by PEMA and Camarilla levels. A close above ₹24,050 may initiate a new swing leg toward ₹25,000+.
NSE:CNXAUTOLong
by Game_0f_Pivot
HUGE POTENTIAL IN THE NIFTY AUTO INDEX - STARTING OF THE 5 WAVEIndian Auto Index Technical Analysis The Indian Auto Index made an all-time high (ATH) of approximately 27,700, completing Wave 3 From there, a Wave 4 corrective phase began, ending at 19,300 (a 30% decline). A large Flag pattern has formed on the monthly charts and has been broken with a strong bullish candle, projecting a full target of 38,000 (an upside of 63%). Using the Fibonacci extension from the COVID fall, the 3.618 level comes to approximately 32,600. Taking the extension of Waves 3 and 4, the 1.618 level also points to 32,600, reinforcing this level as a major target. List of Technical Targets Target 1 – 23,960 Target 2 – 25,500 Target 3 – 27,700 (previous ATH) Target 4 – 32,600 (Fibonacci confluence) Target 5 – 34,000 Target 6 – 38,000 (flag pattern breakout target) Important Dates Based on Time Cycle Analysis 17 November 2025 30 March 2026 4 January 2027 29 April 2029
NSE:CNXAUTOLong
by MAHAKALESHWAR279
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