Discover and read the best of Twitter Threads about #NiftyAuto

Most recents (6)

Today is #WorldPopulationDay, which reminds us that while #ElonMusk is determined to contribute to increasing the population, he has also managed to upset the existing one, by backing out of the Twitter deal. Good thing that the markets were more stable, than Musk’s mood. 1/7
Talking about the “impending recession” seems to be the trend. So, it was a surprise last week, when both the #Sensex & the #Nifty went ↑ by almost 3%. Potential reasons? Maybe the cooldown in the prices of #commodities. This helps sectors like #Auto, #Realty, & #FMCG. 2/7
So naturally, both the #NiftyFMCG & #NiftyRealty were ↑ over 5%. #NiftyAuto was also ↑ 3.5%. In fact, every sectoral index was painting the town green. Global indices were also mostly up. The S&P 500 was ↑ 1.94% & the #NASDAQ100 ↑ by 4.6%. 3/7
Read 7 tweets
US markets have given a break-down from Head & Shoulders pattern

Most of the Indian sectors too look vulnerable

THREAD: Technical Analysis for US market & 10 Indian sectors🧵

Collaborated with @AdityaTodmal
Starting with the mother market

1. #DJIA : BD of H&S pattern
2. #NIFTY

• Weekly: M pattern under formation, no BD yet

• Daily : Descending triangle BD
Read 22 tweets
𝐓𝐞𝐜𝐡𝐧𝐢𝐜𝐚𝐥 𝐚𝐧𝐚𝐥𝐲𝐬𝐢𝐬 𝐟𝐨𝐫 𝐚𝐥𝐥 𝐒𝐞𝐜𝐭𝐨𝐫𝐬 🧵

Detailed 🧵 on each sector covering index heavy weight stocks 📊
#NIFTYAUTO #CNXAUTO

Cup & Handle formation in weekly charts, awaiting a BO

The leaders of this sector are also on the verge of BO
Read 24 tweets
𝐓𝐞𝐜𝐡𝐧𝐢𝐜𝐚𝐥 𝐚𝐧𝐚𝐥𝐲𝐬𝐢𝐬 𝐟𝐨𝐫 𝐚𝐥𝐥 𝐒𝐞𝐜𝐭𝐨𝐫𝐬

Detailed 🧵on each sector covering index heavy weight stocks📊
#CNXIT #NIFTYIT

Profit booking has set in this sector and is undergoing a meaningful correction after lending a strong support to Nifty for many weeks & months.

Had shared a cautionary tweet regarding the same on Jan 2, 2022
Charts of few heavy weight stocks within the IT sector:

#INFY
Read 24 tweets
Here you go. Marathon of Charts of All Sectors.
LIKE & RETWEET.

#NIFTYPSUBANK⚡️
Still looking strong. Best levels to add #PSU banks.
Our Pick #Canbk what will be yours? Image
#NIFTYPHARMA⚡️
Weak mentioned what needs to be done. Image
#CNXSMALLCAP⚡️
Strongest of all.
But seems to be taking a pause now. Image
Read 14 tweets
AUTO SECTOR TECHNICAL ANALYSIS

(Retweet for wider reach)

Let's start with analyzing #Niftyauto -

Gave H&S breakout but look support on 200 EMA and reversed. Need to cross right shoulder to confirm the reversal.

Now let's take a look at few auto sector companies charts.
Let's start with the one with the strongest chart - #BalkrishnaIndustries

Trading near ATH levels, when the whole nifty auto index was going down, it corrected only 10% and was the 1st one to recover.

A close above 2560 will take it to a target of 2776.
Next one we're gonna take a look at is - #eichermotors

Finally crossed the gap region (2850) that was acting as resistance. With good volume expansion.

If closes above 3037, can easily reach 3223 & 3348.
Read 8 tweets

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