Nifty Auto - Technical view

Nifty Auto - Technical view 1) Chart attached in media 2) This is monthly chart 3) This is for learning 4) We see a strong supply coming around 23500-24000 5) Auto has recovered from 20100-20200 zone and almost made a recovery of 15-16% 6) On FIBO levels we have seen 50% retracement levels have worked well and good bounce back has came. 7) Support for the index at 22800-22850 8) Stock on radar -

9) Some profit booking can be seen in near term now 10) All this is for information. 11) This is not a buy/sell call Thank you, Technofunda24