Maruti - Weekly (Long) And Daily (Short) Time Frame Analysis
Hi Folks,
Maruti has completed it's 1st and 2nd of the larger degree and also seemingly the 1st of one smaller degree (the "ONE-TWO, one-two" phenomena) of the main 3rd.
The 2nd of one smaller degree seems to be brewing now.
When we zoom into the section of one smaller degree on the daily charts (This daily chart is in the comment section), wave A of the 2nd seems to have got completed at 23.6% (7152) and we may be in the B wave up and the ensuing C wave may move down towards 38.2% retracement (6673), 50% retracement (6162) or even 61.8% retracement (5651) after which it will acquire wings to take it's flight for a 3rd of 3rd!!
Note : This view would be invalidated if the price crosses resistances 7880, 8080, 8330 with force.
Happy Investing !!
Maruti has completed it's 1st and 2nd of the larger degree and also seemingly the 1st of one smaller degree (the "ONE-TWO, one-two" phenomena) of the main 3rd.
The 2nd of one smaller degree seems to be brewing now.
When we zoom into the section of one smaller degree on the daily charts (This daily chart is in the comment section), wave A of the 2nd seems to have got completed at 23.6% (7152) and we may be in the B wave up and the ensuing C wave may move down towards 38.2% retracement (6673), 50% retracement (6162) or even 61.8% retracement (5651) after which it will acquire wings to take it's flight for a 3rd of 3rd!!
Note : This view would be invalidated if the price crosses resistances 7880, 8080, 8330 with force.
Happy Investing !!
Trade active:
Folks,
We've set course into the right trajectory, at a timing which couldn't have been more right.
This is the power of analyzing the markets correctly !!
You must also look at my other analysis of Nifty, Infosys, Adani, Bata etc. to appreciate that there is a Method in the Madness !
Please don't forget to 'Like' the posts or a word of encouragement would be fulfilling too, for the hours of research that I put in before I publish any of my work :)
Enjoy... Cheers!!
We've set course into the right trajectory, at a timing which couldn't have been more right.
This is the power of analyzing the markets correctly !!
You must also look at my other analysis of Nifty, Infosys, Adani, Bata etc. to appreciate that there is a Method in the Madness !
Please don't forget to 'Like' the posts or a word of encouragement would be fulfilling too, for the hours of research that I put in before I publish any of my work :)
Enjoy... Cheers!!