In this post i shall put forth my views on Auto sector, the champion of recent rally.
Lets try and put forth things
1. Maruti : Chart has Major Top Head and Shoulder
2. M&M : A Beautiful Ending Daigonal in place
3. TataMotors: Still Strong up, infact has made a Flag formation and is up. Today's candle is a spinning top at the top, if it has to be Bearish is has to be followed by Bear candle, but nothing major on chart for now.
4. Bajaj Auto: Moving up in channel precariously poised at the edge of channel, one push down and that does it.. :)
These studies are based on technical analysis and the author nor the webpage shall be responsible for the profits or losses. The author may or may not have personal holding.
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