CNXAUTO NIFTYAUTO Bullish

I am extremely bullish on CNXAuto/NIFTYAUTO!

• It is forming a flag pattern
  
• Making higher highs with correcting RSI
  
• Current consolidation might last few more months
  
• Target 16000
  
• Currently correcting on 4M timeframe
  

Top constituents by weightage
Mahindra & Mahindra Ltd. 20.36
Maruti Suzuki India Ltd. 19.97
Tata Motors Ltd. 11.67
Eicher Motors Ltd. 8.47
Bajaj Auto Ltd. 7.42
Hero MotoCorp Ltd. 5.48
Tube Investments of India Ltd. 4.51
TVS Motor Company Ltd. 4.21
Ashok Leyland Ltd. 3.48
Bharat Forge Ltd. 3.37

Above stocks will do very well as they have a higher presence in the index

Also check out Gabriel India