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Nifty Auto Index
CMP: 12,832.40
The short-term chart pattern is Flat on Weekly charts as the previous swing life high & swing low was a correction of 8 per cent between September 12-26, 2022. Next rally was covered in 7 weeks between Sept 26 – Nov 7, 2022, with a gain of 9.54 per cent. The next correction was an exact 125 per cent of first correction, which indicates a flat pattern on charts. The last swing triggered a new low, indicating a lower bottom formation. This means, until the index cross lifetime high level every upside will be
CMP: 12,832.40
The short-term chart pattern is Flat on Weekly charts as the previous swing life high & swing low was a correction of 8 per cent between September 12-26, 2022. Next rally was covered in 7 weeks between Sept 26 – Nov 7, 2022, with a gain of 9.54 per cent. The next correction was an exact 125 per cent of first correction, which indicates a flat pattern on charts. The last swing triggered a new low, indicating a lower bottom formation. This means, until the index cross lifetime high level every upside will be
