2 bearish setups posted in last few days from Auto sector, #Ashokleyland and #Maruti, and #Escorts just came in watchlist for short side...I'd avoid longs in auto sector for June/July...#CnxAuto near 11400 currently...I think we see good profit booking in June/July in this space
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Many have asked how to plot ratio charts on trading view, here is an example , suppose you want to see Maruti/Nifty auto:
1. Type the code of these two scripts exactly as shown in TV without any space and use NSE before it
NSE:MARUTI/NSE:CNXAUTO
2. Press enter
@Digital_Baba
1. Type the code of these two scripts exactly as shown in TV without any space and use NSE before it
NSE:MARUTI/NSE:CNXAUTO
2. Press enter
(10) Ratio chart (daily) of Auto Index/Nifty
— Prashant Bhansali (@prashant280294) June 5, 2021
Taking multiple support at crucial level
Autos could start outperformance over nifty as long the support holds , and more fiercely once resistance breached #PB365 pic.twitter.com/ZRSmtGH1ic
@Digital_Baba
#RIL tgts are 2180 and 1820 positional over next few months if the high made at 2856 doesn't cross.
Not looking good.
Not looking good.
#RELIANCE update
— Prashant Bhansali (@prashant280294) April 28, 2022
Was expecting 5th wave rally towards 2800-3000 as mentioned in previous post
Move played out, but now not worth chasing anymore
Not saying the move is over, it can still go up bit more, but riskreward not good for positional longs now on, I would stay away. https://t.co/eoLshLoLBD pic.twitter.com/G0qZAEBRIX
#GreavesCotton
#EW
Here's my view based on EW purely for long term
We could witness a big big 3rd wave in coming months
#investmentidea https://t.co/5laFyd8A7X
#EW
Here's my view based on EW purely for long term
We could witness a big big 3rd wave in coming months
#investmentidea https://t.co/5laFyd8A7X
(30) #GreavesCotton monthly chart
— Prashant Bhansali (@prashant280294) June 25, 2021
Big monthly breakout underway
Is it time to move to next orbit higher ? Looks like! #PB365 pic.twitter.com/CB0OtIow7G