and few trending down .
M&M holds the highest weightage followed by tatamotors ,Bajaj auto , heromotoco and
maruti suzuki
I think this sector would peakout in some time and investors should book their profits in
this sector
M&M Looks to have finished 5 up on monthly charts or about to finish may kiss 850 once
Tatamotors is already in downtrend
on daily charts M&M wave count is labled on following chart followed by 5 up in monthly
chart
On daily chart we are in process of finishing some sort of B up here we could be making a triangle or a flat in any case a 25% correction is not ruled out from current levels .
lets see how this sector behave in coming months can update accordingly .RESEARCH REPORTS
