Celebrate this Diwali with Indian Auto sector

Diwali is near and Indian Auto companies are trading at support indicating good buying opportunities,
Lets have a look at them:-

Hero MotoCorp:

As we can clearly see that Hero MotoCorp bounced after making a low of 1756 and now is trading above its support at 1800 and if it manages to trade above the level of 1820 during market closing (3:25 PM) one can make a buying position for the targets of 1935 (at 100 SMA) and 2100 with the stop loss of 1740.

Bajaj-Auto:

Bajaj auto is showing very strong uptrend and one can go long from the level of 1750 for the targets of 1800 and 1850, stop loss should maintained below its 30 day moving average of 1720


TATA Motors:

TATA Motors is in consolidation mode ( which seems to be bullish consolidation) one can go long
from the current level and can book partial profit around 280 which is strong resistance which if broken will lead to rally up to 300 one should maintain stop loss around 255.

Thanks,
Gravita Research