Auto to Toota

٢١ يونيو ٢٠٢١

Nifty auto index has formed the Flag pattern where the downtrend will be in the flavor and if we look at the technicals it has breached the lower Bollinger band and the PSAR is also in the down trend and the it has underperformed the RS Nifty too. Clear strong conviction to short on Auto sector that's what I read through the lines.