AUTO SECTOR - Breakout - Retest & BOOM!
Price Analysis & Overview:
1. Nifty Auto Index is in it's dream bull run after it broke the ATH resistance levels.
2. At current scenarios, price might continue to move higher towards the marked green lines or consolidate/correct towards EMA and then continue the run again.
3. RSI showing signs of overheated currently.
MONTHLY TF VIEW :
- Stay tuned for further insights, updates and trade safely!
- If you liked the analysis, don't forget to leave a comment and boost the post. Happy trading!
Disclaimer: This is NOT a buy/sell recommendation. This post is meant for learning purposes only. Please, do your due diligence before investing.
Thanks & Regards,
Anubrata Ray
1. Nifty Auto Index is in it's dream bull run after it broke the ATH resistance levels.
2. At current scenarios, price might continue to move higher towards the marked green lines or consolidate/correct towards EMA and then continue the run again.
3. RSI showing signs of overheated currently.
MONTHLY TF VIEW :
- Stay tuned for further insights, updates and trade safely!
- If you liked the analysis, don't forget to leave a comment and boost the post. Happy trading!
Disclaimer: This is NOT a buy/sell recommendation. This post is meant for learning purposes only. Please, do your due diligence before investing.
Thanks & Regards,
Anubrata Ray
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