Nifty Auto last week tried to breakdown but not able to sustain and bounced the very next day and on Friday. The index was able to break ascending channel resistance. But this breakout did with shooting star which is a bearish pattern, so we need to wait here for both side confirmation.
Nifty auto, if able to break 10750 levels and sustain above this we can see possibly strong upside or if Nifty Auto breaks 10250 levels and sustain below this we can see major downside towards 9750/9500 levels on chart.
Nifty auto, if able to break 10750 levels and sustain above this we can see possibly strong upside or if Nifty Auto breaks 10250 levels and sustain below this we can see major downside towards 9750/9500 levels on chart.
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