Indian Auto Index Technical Analysis
The Indian Auto Index made an all-time high (ATH) of approximately 27,700, completing Wave 3
From there, a Wave 4 corrective phase began, ending at 19,300 (a 30% decline).
A large Flag pattern has formed on the monthly charts and has been broken with a strong bullish candle, projecting a full target of 38,000 (an upside of 63%).
Using the Fibonacci extension from the COVID fall, the 3.618 level comes to approximately 32,600.
Taking the extension of Waves 3 and 4, the 1.618 level also points to 32,600, reinforcing this level as a major target.
List of Technical Targets
Target 1 – 23,960
Target 2 – 25,500
Target 3 – 27,700 (previous ATH)
Target 4 – 32,600 (Fibonacci confluence)
Target 5 – 34,000
Target 6 – 38,000 (flag pattern breakout target)
Important Dates Based on Time Cycle Analysis
17 November 2025
30 March 2026
4 January 2027
29 April 2029
The Indian Auto Index made an all-time high (ATH) of approximately 27,700, completing Wave 3
From there, a Wave 4 corrective phase began, ending at 19,300 (a 30% decline).
A large Flag pattern has formed on the monthly charts and has been broken with a strong bullish candle, projecting a full target of 38,000 (an upside of 63%).
Using the Fibonacci extension from the COVID fall, the 3.618 level comes to approximately 32,600.
Taking the extension of Waves 3 and 4, the 1.618 level also points to 32,600, reinforcing this level as a major target.
List of Technical Targets
Target 1 – 23,960
Target 2 – 25,500
Target 3 – 27,700 (previous ATH)
Target 4 – 32,600 (Fibonacci confluence)
Target 5 – 34,000
Target 6 – 38,000 (flag pattern breakout target)
Important Dates Based on Time Cycle Analysis
17 November 2025
30 March 2026
4 January 2027
29 April 2029
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.