RajuDatla

CNX AUTO Index looks up for short term correction

NSE:CNXAUTO   Nifty Auto Index
CNX AUTO INDEX made another Engulfing pattern at the High, away from the moving averages. On the prior two occasions when it made similar patterns price made minor corrections pulling back to 10 & 20 EMA respectively. The odds of probability look high for a similar correction again.

Raju KMS Datla
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