CNX Auto
CNX Auto is into side ways moving in a triangular pattern.Due to lack of earning growth, falling sales numbers, investors are in dilemma to accumulate these rate sensitive stocks or not. If this triangle is given a break down we may see some correction in Auto stocks. However we see some support at around 4260 - 4310 levels. If at all this traingle is broken and start falling, we may good levels to accumulate the auto stocks for long term investments.
CNX Auto is into side ways moving in a triangular pattern.Due to lack of earning growth, falling sales numbers, investors are in dilemma to accumulate these rate sensitive stocks or not. If this triangle is given a break down we may see some correction in Auto stocks. However we see some support at around 4260 - 4310 levels. If at all this traingle is broken and start falling, we may good levels to accumulate the auto stocks for long term investments.
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