HUGE POTENTIAL IN THE NIFTY AUTO INDEX - STARTING OF THE 5 WAVEIndian Auto Index Technical Analysis
The Indian Auto Index made an all-time high (ATH) of approximately 27,700, completing Wave 3
From there, a Wave 4 corrective phase began, ending at 19,300 (a 30% decline).
A large Flag pattern has formed on the monthly charts and has been broken with a strong bullish candle, projecting a full target of 38,000 (an upside of 63%).
Using the Fibonacci extension from the COVID fall, the 3.618 level comes to approximately 32,600.
Taking the extension of Waves 3 and 4, the 1.618 level also points to 32,600, reinforcing this level as a major target.
List of Technical Targets
Target 1 – 23,960
Target 2 – 25,500
Target 3 – 27,700 (previous ATH)
Target 4 – 32,600 (Fibonacci confluence)
Target 5 – 34,000
Target 6 – 38,000 (flag pattern breakout target)
Important Dates Based on Time Cycle Analysis
17 November 2025
30 March 2026
4 January 2027
29 April 2029
CNXAUTO trade ideas
Nifty Auto Index 1W forecast until August 2025NSE Auto Index is in "discharge" mode. This will last until the level of 25000 followed by a sideways-cooldown movement.
Bullish structure will stay intact and the second bullrun will happen shortly.
Major correction/retest will happen after the breakout of previous all-time-high and setting a new ATH with a top at 29,500 in the beginning of August 2025.
nse auto movement on mondayThe NSE Auto Index (NIFTY Auto) is currently showing some interesting movements. As of the latest data, it appears that the index is in a slight downtrend1. The index is trading below an important level of 23,543.16, and if it remains below this level, it might continue to show a downward movement in the short term.
However, predicting exact movements can be tricky as they depend on various factors including market sentiment, economic indicators, and company-specific news. It's always good to keep an eye on the latest developments and perhaps consult with a financial advisor before making any decisions.
Would you like to know more about how to analyze such trends or any other specific information?
Nifty Auto !!! Almost der for sellingHello All,
The recommendations are purely for educational purpose only, consult you financial advisor before trading.
Targets are mentioned in charts (either red lines or balck lines), keep Stop Loss as per your risk..
If you like my Idea, Don't forget to Boost and comment on my Analysis..
Have a profitable year ahead
Gautam Khanna
Technical Analyst by Passion :-)
Decoding the Mystery Behind Dec 20 Fall - Part 77. Nifty Auto -2.28%
3 Months - Rounding Bottom BO done. Target 19752 - nothing wrong in 3 Months / Monthly scale - its going up and wick is getting formed once in a while
Weekly - as you can see at every step - there is a Horizontal Consolidation (BOX Pattern) for some weeks then BO, again BOX BO and repeat.....
When the stock / sector has a crossed ATH and goes up - there is no more resistance it push it down. But it writes its own fate by creating new Support & Resistances once again because of People's Greed & Fear. When majority thinks it has grown too much - they sell off causing a temp dip.
As you can see - there are bigger Red candles in Weekly history. Absolutely nothing wrong - and Still in the Bullish pattern - no negation of pattern anywhere. Trendline Support is also an additional support
RSI Multi-time frame Green Color if M & W Abv 60 and D Abv 40This indicator displays RSI in Day, Weekly and Month
Multi time frame momentums in one display..
In addition set to display RSI in color if Monthly & Weekly above 60 and Daily above 40.
Best used with Volume Indicator for detecting reversal at 40 RSI
Don't miss this "HISTORIC BREAKOUT" in NIFTY AUTO!!!! There is a clear BREAKOUT on the WEEKLY CHARTS!!!!!!!!
See the Comparative chart analysis, TVS Motor, M&M, Eicher Motor and TATA Motor are more likely to outperform the AUTO INDEX!!!!!!!!!
This seems to be the footprint of a future rally in auto stocks. And there is a large possibility that TVS Motor, M&M, Eicher Motor and TATA Motor will lead this rally and continually outperform the INDEX.
If you want regular updates on - which auto stock to buy? And To know more potential BREAKOUTS, please FOLLOW and LIKE!!!!!!
NIFTYAUTO Consolidation Nr. Resistance Breakout Potential?🚗 #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!