🚗 #NIFTYAUTO is currently trading in a consolidation zone, with the price hovering near the upper boundary. This level has proven to be a tough resistance for the price in the past, with the range of 13455--13544 being a major obstacle to overcome.
📈 However, if the price manages to break out of this resistance area and closes above it on the weekly chart, we could potentially see a strong upward momentum in the near future. This is especially significant considering the prolonged period of consolidation that the price has been experiencing.
📉 On the other hand, if the price fails to break through the resistance zone, we may see it retreat back into the consolidation phase once again.
🔍 Traders should keep a close eye on #NIFTYAUTO and monitor its movement around the key resistance level. A successful breakout could present lucrative trading opportunities, while a failure to do so may indicate a continued period of consolidation. Happy trading!
📈 However, if the price manages to break out of this resistance area and closes above it on the weekly chart, we could potentially see a strong upward momentum in the near future. This is especially significant considering the prolonged period of consolidation that the price has been experiencing.
📉 On the other hand, if the price fails to break through the resistance zone, we may see it retreat back into the consolidation phase once again.
🔍 Traders should keep a close eye on #NIFTYAUTO and monitor its movement around the key resistance level. A successful breakout could present lucrative trading opportunities, while a failure to do so may indicate a continued period of consolidation. Happy trading!
Not
#NIFTY - AUTO Breaks the Resistance area on daily chart and also closes above the resistance. If this breakout sustain than we can see current in #Auto Stocks.
Keep Auto Stocks On Your Radar👇
#Tvsmotor
#Bajajauto
#Maruti
#Eichermotor
#Heromotoco
#Balkrisind
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.