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JK TYRE& INDUSTRIESJK TYRE& INDUSTRIES, Daily Chart ( Investment Pick.) JKTYRE Has given Wonderful Break-out with Very Good intensity of Volume, Above 2 years Long & Strong Resistance Trendline. Can Buy Now at CMP 90, or if Get Dips, With Stop Loss of 84 closing basis. For Targets of 100.70, 108.50, 119.55, 131.25 & 140 Too. DISCLAIMER. I AM NOT SEBI REGISTERED ANALYST. MY STUDIES ARE FOR EDUCATION PURPOSE ONLY. PLEASE CONSULT YOUR FINANCIAL ADVISOR BEFORE INVESTING OR TRADING.
NSE:JKTYRELong
by RK_Chaarts
M&M - Ready for its corrective wave 2? M&M on weekly time frames is poised to correct. Currently, hidden negative divergences are clearly visible on the chart. Even though, the price has established a new high post-September 2020 however, RSI failed to establish a new high and its the first sign of loss of momentum. Applying the Elliot wave theory From march lows of 250 and recent highs of 760 - we can consider this as wave 1 Wave 2 - Usually corrects up to 61.% fibo levels which comes down to 450. However, 570 & 500 are also crucial levels to watch for any reversal signs.
NSE:M&MShort
by akumar1057
Auto industry likely to inflect downward from hereManufacturing has been a red-hot sector lately, and the CARZ auto ETF has been a beneficiary of that boom. The latest manufacturing data out today show continued outperformance by this sector, which I suppose is why CARZ is up today: Empire State index: 17 Price of imported industrial supplies: +3.6% Manufacturing output: +1% When you drill into the data, however, it doesn't look as good for automakers. While overall manufacturing output is up 1%, output for auto manufacturers was down 3.7% in August. Another relevant data point from the August CPI report is that the price of used cars rose 5.4% in August. So it looks like the growing number of permanently unemployed workers, now deprived of stimulus checks and unemployment benefits, are starting to tighten their belts and reduce large expenditures. August credit card spend deteriorated in August, -13% YoY vs -12.3% the previous month. Consumer lending has tightened up as well, with banks opting to buy bonds rather than make loans.
NASDAQ:CARZShort
by ChristopherCarrollSmith
Last Opportunity to BUY TVS MOTOR Hello, guys welcome Back My self Ravindra, Guys please if you like my analysis then like it takes hours for making No more words Please. When you analyze Through elliote wave, Wave 3 is done at 340 Level which is approx 0.382 Fib level Its confirm. Now According to Elliote Wave after wave 5 we see a major fall Around 260 Points from 1 FEB to 8 APRIL. According to technical analysis, we have done our 5 th elliote wave at 240 levels ( Making Round Bottom ) , Now price is riding on a corrective wave A, B, and C, Stock Might Move toward 400-450-500 After Retracing Wave B @360-340 level Then further we will move toward wave C Which Is our Target and Volume is Increases continuously. Thanks
NSE:TVSMOTORLong
by Trading_buddy
TVS Motors : Time to book profits..? TVS Motors after its sharp declines over the last few days has now headed into a stiff resistance zone. The strong volume lead rise is now seen halting at the higher levels as the resistance zones around 500-510 could witness supply. With a value resistance zone on weekly charts firmly laid out ahead the possibility of continued upward rise is now challenged. Currently the rise has rallied 1/3 of the fallsince Jan 2018. Hence the current levels makes it be an ideal point to go contrarian. Further , the rally into Ichimoku clouds are highlighting that its time to book some profits.With MACD still continuing to languish in the negative zone one should refrain from getting overtly bullish on this counter at the moment and track for some shorting opportunities once it begins to react lower from current levels. Idea Sourced From NeoTrader trade.chartadvise.com
NSE:TVSMOTORShort
by Raja_Chart_Advise