7 April 2021 22 Jan 2021 BSE Auto Index. As on Wed 7 April 2021. CMP  22,234. Posted at 12:45 pm. Continued correction on the cards.  The early Feb top of 25,072 is expected to be a temporary top.  Correction is expected continue to the support zone of 16,700 ~ 18,600, which could be a […]

BSE Auto Index. As on 22 Jan 2021. CMP 24,109 Conflicting signals.  Elliott Wave count suggests a 5 wave up nearing completion, but other indicators are not showing any reversal signs.  Hence we maintain a neutral position. Ichimoku chart (Daily) shows price well above all indicator lines.  Corrections are certainly possible, but there is nothing […]

BSE Auto Index Analysis. As on 19 Dec 2020. CMP 20,738 Bottom line : The short term rally still appears to have some steam left, but the larger picture is uncertain. Primary count : Price is unfolding in 5 waves within wave A of a larger wave B to the upside.  This wave A to […]