The way Auto sector crashed in last 2 months is like more pain ahead, But for Short term many Auto Sector companies formed a bottom, Not a Proper Bottom But yes for short term they will try to rally, rest all depends on govt. policies & stimulus package.
Like If we check Two Wheeler and Four Wheeler chart, we can say Two wheeler form short term bottom and four wheeler have some more pain ahead. Chart of Hero moto and Bajaj Auto form short term Bottom, But still both are in bear grip, That means they will rally but only upto some extent ( Check charts), Still more pain ahead, Even If govt. come up with some stimulus Package then even it will take 2-3 quarter for auto sector to come out of Slowdown.
Hero Moto and & Bajaj Auto are large caps so there was less fall as compare to TVS motors, which crashed 33% in last 3 months, so for short term Basis TVS motors also formed a small bottom at Rs 340.
Long term Bottom form when stock touch support of last 2-4 years, But in this you have to check many more things like actual situation of Sector, Result, Govt. Policies.
As per chart Four Wheeler Like Maruti not formed a good Bottom, some more pain will be there after some weeks/months, Mahindra & Mahindra form short term bottom & Tata motors again more pain will be there.
Auto Ancillary company like Motherson Sumi today touched support of 91-93 levels after 1273 days, so support like this will attract lots of New Investors, and this will create a Buying opportunity in market, A bounce upto 102-107 will be there. 
This kind of Support will help you in Buying New shares in market. You can learn this also in Technical class for 3 months, New batch starting from 24th August 2019. Link : Technical Analysis
For more Query on Technical Classes Ping me on Telegram User-Id : @purelogical
